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Social Development - Essay Example

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In the paper “Social Development” the author analyzes political development and social growth in the context of globalization. He explores the contribution of globalization in transforming the modern state. Modern and pre modern globalization take different historical forms.
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Social Development
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Social Development

Download file to see previous pages... Market forces usually depend on the political goodwill and social integration for its growth. From scholarly view, cultural change in the society owes its root from globalization. Fabrication of societal norms to meet human needs has led to growth in many areas of human life. It is significant to note that integration of modern of modern technology has transformed human life. Globalization has led to development of uniform policies in global markets. Development of uniform policies influences political and social life of the society. For examples, policies that define trade between two countries influence social conditions in those countries. When policies are uniform, people are able to exchange ideas, technology, and social policies, which would in turn influence social growth.  Trade and international policies are inseparable. Identification of common need in the society has led to transformation of the society from a low-income society to high-income society. The adoption of Keynesian theories of management in financial management has influenced the financial patterns adopted by many banks and financial institutions. According to Amoore (2005:58), Global financial system favored financial interest over government planning or productive manufacturing. Thus, it opened ways for accessing credit facilities. Acquisition of financial assistance influences the economic development of a state. The power to initiate social development lies on the ability of a state to acquire financial assistance when necessary. ...Download file to see next pagesRead More
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