Political economy

deficit, and therefore overall wealth, by exporting more goods than they import. The time of exploration was all about countries conquering new lands to show their strength and power. The colonies of a country were the backbone of this self-sufficient economy. The idea of mercantilism was a driving force behind the desire to conquer new lands. New lands would provide a country with a wider variety of natural resources, therefore making it easier for a country produce all the…

Introduction: Globalization is the process of global economic and political integration which connects countries with the facilitation of global communications. As technology rapidly developed in the past centuries, trade globalization accelerated. Global trade becomes economically and politically important to all countries. As more and more developing and low-income countries enter into the global integration, there is always an ongoing debate on the relationship between globalization and…

The main goals that governments should provide support against the boom and bust of the market economy and those governments should invest in Public works to provide a “social safety net” (pp.77). Keynesianism criticizes the neoliberal economic measure of success, Gross National Product (GNP). The SEL model believes that GNP is not an accuate measure…

display the most important causes and solutions. Background: Unemployment is considered one of the most significant economic problems facing any country in the world. It is the foundation of all economic, political and social problems because it generates economic backwardness and political instability (Dews, 2014) . Saudi Arabia’s youth unemployment has become the major…

The problem is an ineffective implementation of the Act. The Nigeria government lacks the political will to implement the appropriate clauses relevant for the protection of the Niger Delta’s ecosystem because a significant percentage of the government expenditure comes from revenues generated by oil corporations. The government’s incapacity to…

national economic growth depended on international relations, both material and political-legal” (Development Project, 56). Moving on, both articles perspective on countries development is through globalization: interaction with other countries. McMichael’s article covers many topics, but important topics are international relations, open world economy, and foreign aids. International relations focus on “material and political-legal” (Development Project, 56). This means that countries trade…

social, and political ramifications. Industrialisation expedited the dawn of economic, structural change, claimed responsibility for renewing Russia as a global and competitive power, and acted as a powerful catalyst for accelerating social evolution. The progression of Russia in the 19th century – in economic, social, and political contexts alike - can be much attributed to the developments facilitated by industrialisation. Industrialisation completely reinvigorated the Russian economy and…

began this reform. Deng shifted past Chinese policy and emplaced a series of economic and political reform that began the push for Chinas market economy. These changes were small but were instrumental especially after the shift in the economic climate; China moved away from direct link to Russia after 1989 and following the 1997 Asian financial crisis, China was catapulted into a more modern streamlined economy. These changes forced Chinese leadership to see increases in individual living…

Social justice is of fundamental significance to the existence and sustainable development of any political society. Social justice describes the fair distribution of goods, services, rights, and duties. Social justice does not imply absolute equality but demands that each person receive the same basic rights and unobstructed access to economic and political resources, not mediated by gender, ethnicity, level of education, economic status, or other demographic characteristics (Jimenez, 2010).…

Morocco Morocco is a unique country, growing and growing at accelerating rates and increasing economic growth everyday. All sectors of the county’s financials, economies, and likewise seem to be flourishing with little to change. Due to the monarchy and strict restrictions on writing anything bad about the kingdom, the country seems to be on paper a fantastic place to live with a population, government, and king all aiming to bring the country up to its highest potential. The one fault however…