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A strong economic and military power are critical to the formation of such a liberal global market economy. According to the hegemonic theory, the absence of a dominant economic and military power can make it difficult to enforce liberal rules. Thus, the international markets cannot operate without the existence of a liberal dominant power. Chances of a global market economy falling are high when there is no integration of such a hegemon. In addition, the risk of deteriorating economic relations into self-interested, nationalistic and protectionist competition can be profound. The debate presents that the dominant power manipulates a global market in attempts to foster a world economy grounded in a free trade. The free trade benefits all the nations that participate in such a global market. For instance, the US military in Western Europe helped in neutralizing Soviet threat.
Marxism initiated a debate regarding the development and underdevelopment in nations that are still developing. The Marxists reacted to the economic liberal concept. Thus, this debate begins from a liberal perspective of problems related to development. It is apparent from this debate that asking of pertinent questions regarding development was never possible before 1950s. In some cases, individuals could ask questions that concerned the colonial development since a number of developing nations had European states controlling them. Development of colonies was not strictly a global concern, but an imperial issue. The beginning of decolonization by 1950s marked the introduction of agendum on researching about development on a global scale. Such developments led to new states including Africa and Asia becoming part of the UN and was able to raise their concerns regarding development. Mainstream perspective appears to be a dominant discourse that defines all, which appertains to development.
Economic liberals raised several debates on varied issues. In this
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Abe’s interest in the two religions relies on his belief that they possess a spiritual affinity1. Masao argues that one religion obtains strength upon encounter with its counterpart. Buddhism comes to an understanding of the self-emptying reality of God that Christianity advocates.
The book will serve as a useful guide for the ones who is interested in knowing more about the economics of gender. There has been continuous decline in the gender gap between the male and female with respect to wages and salaries. The following paragraphs below will
This eliminated the idea of free-rate government bonds and brought other negative economic implications such as monetary devaluation, which is the main reason behind inflation. A government bond has an essential role in how the
Chapter 18 describes the laws of remedies for breach of sales and lease contracts. Generally, when parties make a deal in lease or sale they sign a contract regarding the rules and regulations about the deal. They are supposed to follow it strictly.
The author of the book has informed the readers about different institutions including community-based settings, quasi-institutions and others that have played a major role in the possibility of long-term care provision.
In patriarchal societies if you are a female it means you are dependent on others whereas if you are a male it means that you are independent. Most of the women want that they should be taken seriously. It is said that
different backgrounds to support and perpetuate the terror attacks has raised many concerns over the years about their funding, training and even the end benefits. The attacks of September 11, 2001 in the American world Trade Centre triggered such question as to how these
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