International Monetary Fund

The worst development outcomes are found in the countries with the majority of natural resource endowments. “There are twenty-three countries in the world that derive at least sixty percent of their exports from oil and gas and not a single one is a real democracy” (Patrick). In developing countries, an increasingly important part of economic growth is the management of natural resources. This allows governments to deliver services to their citizens and it also creates jobs (“Creating Jobs”).…

The author of The Post- American World, Fareed Zakaria, claims that the other nations are catching up to the United States. According to Zakaria, the United States is considered “the dominant player” as being the richest nation in the world (Zakaria, pg. 22). After the United States industrialized, the nation was considered the “most powerful nation since imperial Rome” (Zakaria, pg. 2). However, the other nations such as China, India, and Japan are gaining power, and are becoming richer and…

Imagine living in a place where you struggle to keep a roof over your head and food in your fridge. Under these circumstances, there is no choice but to let everyone in your household find a job. This is unfortunately the reality of poorer countries. We are so blinded by our privileges and opportunities available to us in our country that we cannot see what other unfortunate people are facing. Many people feel that the U.S. shouldn’t impose laws to prohibit goods made by children because this…

organization, privatization of open organizations and diminishing military use will benefit the whole economy and consequently reduce the poor living states of the general population in Rwanda. From the political edge, the givers propose that irreplaceable monetary changes are fundamental for the adjustment of the socio-political setting. Help is seen as an instrument of making and guaranteeing enduring peace in Rwanda and other creating nations. In spite of the fact that the specific procedure…

living under democratic capitalism and liberal democracy, and have opened their doors to the information revolution, reaching a significant level of liberalization and democratization in political culture in its legal and economic national law, and international relations. It is important to note that among the supporters of economic and social development,…

Brian Romanchuk’s book Abolish Money (From Economics)! argues that money, in the form of money data, should be eliminated from economic discussion. Romanchuk speculates that moneys importance, as well as the importance of monetary aggregates, comes from money’s phycological hold on society (p.5). He would rather use more relevant financial indicators and in doing so the vague definition of money and the arguments surrounding its role would disappear, the importance put on bank reserves would go…

III. Critical Response to Alice H. Amsden’s Thesis At the heart of Escape from Empire, Amsden explains how shifts in American policy between the First and Second American Empire were a detriment to the development of the Third World. More specifically, Amsden’s thesis is that because of American policy rigidity, the Third World could be better suited for development if it cultivates self-determined policy. It is from this dichotomy between progressively driven policies and ideologically driven…

It’s a common saying that you shouldn’t “fix what isn’t broken” and I want to prove that these decisions were very self-interested by the elites of the governments, and were made on behalf of personal monetary gain by the wealthy. I found some statistics that support my argument that Latin America was much better off before the United States jumped in, and the choices made by a newly elected official were to his benefit, not to the benefit of the citizens. When looking at something very…

wealth into a company without restrictions by a government, and the ability to have access to inexpensive sources of labor (“Merriam-Webster”). However, the WHO, or the World Health Organization, an affiliate of the United Nations concerned with international health issues, says that globalization…

ve the developed countries the advantage when they purchased these materials from the developing nations (Martinussen, 1997: 91). This practice was seen as a catalyst of underdevelopment. Emmanuel’s theory became the subject of much debate and many theorists reworked some of his ideas. In the 1970s Geoffery Kay came up with his own theory of unequal exchange and he attempted to incorporate the ideas of Emmanuel to it to try and explain his ideas on the causes of underdevelopment. His theory…