Political economy

Globalization is a process through which the world is increasingly connected and interdependent. This process is largely associated with economic and political change. It is a step towards a more integrated and interdependent world. It is the process of denationalization of markets, politics and legal systems, i.e., the rise of the so-called global economy. It promotes connectivity, free trade, cultural diversity, mobility and changes in ITC. Globalization is the process of international…

today’s society. It is embedded within our culture and also within the so-called “American Dream” like nothing else in comparison. Our world is ruled by Capitalism, the world’s top heavy weights are of capitalistic ideology and have structured their economies to run in said fashion. It is near impossible to eliminate income inequality in a realistic environment, however it could be done theoretically if everyone were to be on a “same page” basis with regards to how things should be done…

planet, especially in transition countries. Regardless of the negative aspects of globalization, its appearance should be accepted as a challenge for the possibilities it offers in economic development and growth. Understanding international political economies can be based on three basic perspectives promptly applied by the United States and the Great Britain. These three dominant perspectives fall under the category of liberalism, mercantilism, and structuralism. According to Balaam (2014),…

A refugee is an individual who leaves their home country owing to insecurity while seeking asylum in a foreign country that hosts them. According to Collier (2013), refugees are only beneficial to their host country to a given extent beyond which they become a burden. Hence, refugee numbers must be regulated to maximize the benefits of refugees while minimizing the demerits of refugees to the host country (Farazmand, 2014). This essay will discuss that the beneficial or disadvantageous…

Jonathan, had issued an economic plan in 2010 that would increase transparency, diversify economic growth, and improve fiscal management (Gyong 23). Thus proving, economic diversification is needed to improve and grow their economy. In countries with resource rich economies, it important to accept new markets and technologies so that there are diverse sectors. Israel serve as a key example of this strategy to diversify. Oren Gershtein, Israel 's chief executive of Israeli technological…

China Globalizing Africa: Economic Developers or Exploiters? According to Al Jazeera English, China’s investment Africa has grown 30 times larger over the past decade. China’s interest in Africa embeds itself into economic, cultural and political growth the continent is parched for. Globalization comes with a price for Africa, but can America really point a finger at China for making a smart play in keeping a hand in Africa’s untouched cookie jar. Can other countries blame China for choking…

Thrace, from where the coin hails, is chock full of silver and gold mines. The people of Thrace weren’t going to just hoard these precious metals, they extracted them, created things with them, and of course traded them; showing yet more ties to their economy an interdependence. The most obvious connection to the economic system is that the artifact is a coin. If there is actual currency in the Classical World, then there was indubiously some sort of structured economic…

Globalization can be defined broadly as the economic, political and cultural integration of people and nations into a larger, interdependent society. As the term implies, the focus is not on individual countries, but on the world in its entirety. Thus, it is a complex process that involves the movement of goods, services, capital and information across international borders, as well as the diffusion of political, cultural and intellectual discourse. Although this process is considered by many as…

Yom Kippur War is the first political incident after 2nd world war that affects the oil prices. It created first significant jump in oil price since 2nd world war. In October 5, 1973, the Yom Kippur War started with an political attack on Israel by Syria and Egypt. The United States and western world supported Israel in political terms. This incident resultant several Arab exporting nations joined by Iran imposed an embargo on…

persuade readers to see why people should stop ‘spending so much taxpayer money on Overseas Aid.’ It uses four main ideas that each focus on why Overseas Aid does not work due to failed economic polices; has no role in strengthening or developing the economy when it suffers from poverty; increases corruption because money ends up with ‘bad governments’ making it more powerful and explains that ‘our own’ comes first then others. The argument provides the reader with many different reasons to…