Political economy

Neocolonialism, as conversed in this week’s readings, reflects an external source dictating the economic and political means of another country. To elucidate, the global economy replicates “the international spread of capitalism, especially in recent decades, across national borders and with minimal restrictions by governments” ("Global economy | Define Global economy at Dictionary.com," n.d.). In an exploit to extend capitalism, the global economic market raises controversy, as it generates…

It has stores in Europe, Japan, India and Taiwan. The environmental and political factors of European and UK influence the performance level Tesco. The legislations of these countries advised to the stores of Tesco to recruit people for different positions in the company. The following hiring person includes students, senior citizens…

degradation, despite increases in technological advancement, all point to the existence of these “geopolitically undercutting” trends. The subterranean trend which underlies a significant portion of Expulsions: Brutality and complexity in the Global Economy, is the trend of expelling individuals and biospheres which fail to contribute to the idea of growth in post 1980s advanced capitalism. After dissecting specific and distinct instances of expulsion, this trend very apparently underlies the…

mutual distrust between the political and economic elites, and the government had a strong anti-business attitude (Kohli 2007). With a change of government in 1980 and the return of Indira Gandhi as Prime Minister, the promotion of economic growth became the focus of the government’s economic policy, leading to a growing alliance between the political and economic elites. Indira Gandhi let it be known that improving production was now her top priority to build the economy of India. Therefore,…

“Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all” - John Maynard Keynes (Quote investigator) Introduction Multi-national corporations seize their unregulated political power to maximize profit via unfair trade agreements and deregulating financial derivatives at the expense of human rights and tax paid by the general public. Corporate globalization reduces restrictions on the people who are already rich and…

Thus, neoliberalism requires that states around the world, regardless of their political makeup, need to reengineer themselves through new market laws. In other words, like capitalism, which for its success, as a “mutable system” has to remain in “perpetual change” (Bookchin, 2015: 3), neoliberalism requires to bring about more change…

shifting to more modern systems which are highly industrialized (Campbell). Modernization theory also seeks to tackle low economic development caused by the lack of investment. It proposes that, here, governments should intervene by investing in the economy, thus creating the infrastructure needed for future growth. The theory also offers that a foreign aid could help supplement a government’s investment in a ‘backward’ society. This attempt to modernize was seen as a way to start the process of…

Belgian colonialism in the Congo Basin has often been cited as an extreme case of how a narrow minded focus in the extraction of resources by a colonial power can have dramatic negative consequences on local populations and result in a lack of infrastructure and stable governance. During the period of 1908 to 1960 Belgian powers sought to control the rich resources of the Congo Basin. Through widespread fear tactics and suppression of the local populace the Belgians enslaved locals to work…

South, the forests of India with the cobblestones of German villages. This globalism defines the modern world and transforms economies, governments, and the private lives they shape. However, globalism was not born with the creation of the World Wide Web, vast networks of public transportation, or even Alexander Graham Bell’s telephone. The advent of globalism and its political, cultural, and ecologic impacts are far older and more complex than many realize. Alfred Crosby’s Ecological…

C.: Fraser Institute. Kolstad, I. (2007). The resource curse: which institutions matter?. Chr. Michelsen Institute. Sachs, J. and Warner, A. (1997). Sources of Slow Growth in African Economies. Journal of African Economies, 6(3), pp.335-376. Snyder, R. (2003). Does lootable wealth breed disorder? A Political Economy of Extraction Framework. Notre Dame: University of Notre Dame Press. Wizarat, S. (2013). Are Resource Abundant Countries Afflicted By The Resource Curse?. Malaysia: PAK publishing…