Social Issues

Current (The Global EconomyThe rise of capitalism necessarily resulted in the exploitation of a global preservation an sparing agreement based on competition and free trade . This global rise of capitalism was the end of the centuries old colonial overshadow of European commonwealths to most of Afri potbelly , Asian , and American countries . European nation paved the way for the economic development of umpteen of these colonies through the introduction of new technologies to boost the economic productiveness of the land , and of course , of institutions to cater the needs of a modernizing societyWallerstein argued (1974 ) that connect between the mother nation and its former colonies (after independence ) resulted to what semipolitical economists call dependent economies Former colonies became dependent to their mother nation in terms of aid and technology . The mother province gave some of their technologies to the former colony but only at the expense of a rising interest rate . deplorable nations became indebted to productive nations . Their economies experience the greatest debacle in terms of sustainability of the parsimoniousness , economic growth , and of course crowd upgrade . Because this relationship is part of the global economy (in concomitant , the requisite for the development of a global economy is the constitution of link between colonial nations and its coloniesThus , because of the undesirable effects of a global economy to the nations with relatively small economies , as vocal (1994 ) argued (global capitalism shifted to its early form . Oppression today of rich countries takes the form of unfair economic arrangements , treaties , and other economic pacts , that attain poor countries in the short run and of rich countries in the long-run . It is safe to say that the rise of global economy under the rubric of global capitalism had developed technologies to regenerate societies , but in turn has been depriving poor nations their equal cover in the world economic pie .

There is some scent out therefore to assume that the development of a global economy was really the development of First World countries . The direction is , as Marx (1848 ) noted , upward for rich countries , but either downward or sideward for the poor countries . Instead of economic development , countries may either experience underdevelopment (which is a downward front of the economy ) or stagnation (economic productivity becomes stagnant to a extra level of productivity . Now , because both ternary and First World countries realized the grim effects of this agreeable of relationship that safety nets have been established to protect the economies of poor countries . An example of which is the establishment of the European Union to foster economic cooperation between members of the European family of nationsThere are two methods to analyze this particular . The use of secondary data analysis will assistance the researcher determine whether some countries today experience underdevelopment . A criteria of underdevelopment must first however be developed by the researcher in to determine the correct data (economic or policies ) that should be analyzed . The second research method that can be used in this is the so-called...If you want to get a full essay, order it on our website: Orderessay

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