Nobody downloaded yet

Political economy - Term Paper Example

Comments (0) Cite this document
Summary
The new world order that had emerged with the end of Second World War had divided the world into three distinct political groups. The first was led by…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Political economy
Read TextPreview

Extract of sample "Political economy"

Download file to see previous pages Not only do these nations face internal challenges but they also have to contend with massive amounts of debt that they owe to developed countries. This issue will be the focus of the rest of the essay, which will elaborate on the merits and demerits attached to the policy of totally writing-off the debt owed by the most impoverished of Third World nations.
Firstly, there is a strong case to be made for total debt relief from a post-colonial reparation perspective. Most countries that presently fall under the Heavily Indebted Poor Countries (HIPC) category are former colonies for European imperialism. The HIPC group is predominantly comprised of countries from Africa and Asia. A primary reason for their prevailing impoverished economy was the exploitation suffered by them during the colonial period. Similarly, the prevailing political chaos in most of these countries is partly due to the abrupt transition of power from the imperialists to the local elite – a transition that did not make provisions for the establishment of democratic institutions and processes. The HIPC Initiative conceived and proposed by the World Bank and its agencies is one of the methods through which Third World Debt could be reduced. In other words, the initiative is intended to “release resources for poverty reduction, increase incentives for reforms, and remove a deterrent for both domestic and foreign investors” (Cappelen, et. al, 2007, p.69)). According to the World Bank, as of June 2006 "nominal debt service relief of more than US$59 billion has been approved for 29 countries through the HIPC Initiative, reducing their Net Present Value of external debt by approximately two-thirds. Of these countries, 19 have reached the completion point and have been granted unconditional debt service relief of over US$37 billion." (Cappelen, et. al, 2007, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Political economy Term Paper Example | Topics and Well Written Essays - 2000 words”, n.d.)
Political economy Term Paper Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/miscellaneous/1561459-political-economy
(Political Economy Term Paper Example | Topics and Well Written Essays - 2000 Words)
Political Economy Term Paper Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/miscellaneous/1561459-political-economy.
“Political Economy Term Paper Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/miscellaneous/1561459-political-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Political economy

Political Economy of Media

...? Political Economy of Media Does the technological revolution change the basic rules of media economics? The technological advancement in the 21st century has had a positive impact on the media economics. A study carried out in over 200 European cities shows that the economic growth was higher in the cities that embraced technology. The era we are in now is marked by globalization technological revolution and democratization, all these areas in one way or another impact media and communication. McChesney observes that the technological revolution does play a defining role in the media industry. He also looks at the economic and cultural globalization and their relation with the global commercial market...
9 Pages(2250 words)Essay

Global political economy

...?Introduction Considering a thorough review is made of the global political system, only a handful of definitions are available with which to fully describe it. These definitions are as follows: imperialistic, polyarchic, or aristocratic. Conversely, currently there are many forms of governance that exist, from a high level of democracy to its complete antithesis – a controlling and repressive dictatorship. All systems of global governance have to integrate with one another at some level in order to achieve certain key goals. I take the stance that the current system of governance displayed within the world is represented as captialist imperialism. Accordingly, this analysis will seek to provide answers on the following subtopics... ....
8 Pages(2000 words)Essay

International Political Economy

...of any of the international unions, trading operations were facilitated by common involvement in the gold systems by the international partners, regardless of their independence and colony status. Great Britain became top on the economic list of best performing countries. The country had developed massive economic, political, industrial influence, and was technically controlling more of the global market. According to Forbes (22), whereas capital controls similar to the Bretton Woods System had not yet been implemented, imbalances in capital flows were rarer than the post 1970 era. In light of its economic dominance, Britain's investment in other countries helped to control any imbalances across the world; the capital...
7 Pages(1750 words)Research Paper

Political Economy

...What does the 'political economy' approach to the study of the Creative and Cultural Industries involve What are its advantages and disadvantages Introduction The world economy in general and the national economies in particular, in twenty first century, are more or less dominated by post-industrial knowledge-based exchanges. Primary production or manufacturing is becoming decreasingly important sectors of the postmodern economy. The importance of cultural industry is not merely limited to its economic capabilities (which is, of course, relatively strong); but also to the prominent role it has on the making and unmaking of peoples' identities,...
15 Pages(3750 words)Essay

Political Economy

...INTRODUCTION: In this essay, I am going to look at some of the major economic theories and their assumptions especially on the need and role of government action or involvement in the economy. This analysis is based on a review of john Freebairn of the Australian car manufacturing industry. Markets are generally a system of social arrangements that allow people to gain information regarding goods and services. In addition, markets provide a framework where people voluntarily exchange their goods and services for an agreed compensation. ANALYSIS: In analyzing the Australian manufacturing industry, Freebairn uses a combination of the Keynesian and the neoclassical theories to drive his point home. The Keynesian theory,...
2 Pages(500 words)Essay

European Political Economy

...Libson Treaty The purpose of this essay is to critically assess the effects of the Lisbon treaty on the processes of political and economicintegration in Europe. Firstly, it discusses the terms of the Lisbon treaty briefly then moves on to how the Lisbon treaty can help the 27 member states of the European Union to integrate politically and economically. It also discusses briefly the roles of the EC and EP under the new treaty with regard to the incorporation of the member states. Thesis Statement and Research Methodology In this paper I will critically assess the effects of the Lisbon treaty on the processes of political and economic integration in Europe. For the purpose of research, I...
6 Pages(1500 words)Essay

Political Economy

...and at the same time influencing an increased focused on Environmental pollution. The increase in recession and population growth has had a trickledown effect and things have been getting worse as time has gone by. The primary focus of this thesis will be the effects recession and population growth have on triggering income inequality as well as environmental pollution. Financially, the last decade or so has been a debacle for most countries around the world. The term recession has posed as a pest for most economies and has derailed the massive progress the world was making. Money was being flown out of the economic system that was being injected into it. Supplies were not meeting demands and inflation reached its...
6 Pages(1500 words)Essay

Political Economy

...Political Economy Nash equilibrium In the first game, player s best response is in UL where he gets 3 pay offs. This is his best response since3>2. At the same instance, player B has his best response of 4 payoffs (4>3 and 3>2). In the second game. At the same point (UL), both players have their best responses. For player 1, 3 payoffs (3>2) while for player 2, 4 payoffs (4>0). Nash equilibrium exists when player 1’s best response is the same as that of player 2. At (UL), both players have their best responses. 2. Condorcet winner and loser Following these election results, candidate A is the Condorcet winner. This is because in the two instances that A is the preferred candidate (ABC and ACB), the...
2 Pages(500 words)Assignment

Political Economy

...Topic: POLITICAL ECONOMY Historically, the United s of America had the responsibility of dictating the rates of tariffs on goods brought to the country. The tariffs played a key role because it was among one of the main contributors of the government revenues. The congresses participated in serious debates in order to harmonize the rates of tariffs as it favored traders from a particular religion. The head of state was also assigned the responsibility of coming up with trade agreements and policies with other trading partners using his political influence. However, there were two landmark legislations that revolutionized the laws that guided trade in the United States of America. In 1930...
5 Pages(1250 words)Essay

International Political Economy

...International Political Economy By: + Challenges Facing International Political Economy The relationship between politics and economics are interrelated in that they affect each other by either controlling the policies or practices. International Political Economy is currently widely appreciated as a subject of high theoretical research and applied policy analysis. It sorts to identify the relation between political influence and the global economy in terms of nation-state political actions and their effects to the international trade and monetary flow. Consequently, this influences the environment in which entrepreneurs make economic choices and nation-states make political choices1. As the International Political Economy grows... and...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Political economy for FREE!

Contact Us