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Problems of Development in developing countries
Effect of globalization on poverty
Effect of globalization on poverty
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Recommended: Problems of Development in developing countries
The global income inequality and the Marxist International Theory
Introduction
A study reported in the World Institute for Development Economics Research at United Nations University , 40% of global wealth were held by 1 %of of adult in 2000, and the richest 10% of adults accounted for 85% of the world total. The lower half of the world's adult population has almost 1% of global wealth. These number income inequality. Income inequality can be divided into two kinds: within country inequality and between country inequality. In this essay, between country inequality has been chosen as the target of studies. Beside the internal factors of the countries, there are many external factors leading to the income disparity between country under the globalization. There are two interesting observations: north-south pattern in income distribution and developing countries with high Gross National Product (GNP) but low per capita GNP- underdevelopment. Some suggested that it results from the world trade mechanism. We want to probe into these observations through the Marxism theory.
In this essay,the theories of Marxism in international perspectives will be briefly introduced at first. Second, the North-South Divide and the underdevelopment in the less developed countries will be described. At the last part, this paper tries to use the Marxism theories to explain these phenomena and evaluate their applicability.
Conceptual tool
Before we analyze the case in the reality, we introduce the Marxism theories associated with the international relations first. Marxism
Tradition Marxism
Marxism is a socio-economic analysis on class-relation and conflict based on the critique of capitalism. The economic mode of production ulti...
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...rgeoisie vs proletariat. The North-South Gap is divided by the economic power rather than the national boundary as same as the consideration of economic factor. And the Imperialism Theory by Lenin can explain the process of the exploitation on the less-developed countries that provide raw material and labour. The less-developed countries are the producers and the more-developed countries are the capitalists that provide capital and sell final products back to the less-developed countries. The capitalists (more-developed countries) compress the producers (less-developed countries ) by by cutting down the payment and welfare. It adds the global dimension to the traditional Marxism and explains the process of global exploitation. However, it
From the explanation of the Dependency Theory, it
Using the World Systems Theory.
Reference
Marxism is a method of analysis based around the concepts developed by the two German philosophers Karl Marx and Fredrich Engel, centered around the complexities of social-relations and a class-based society. Together, they collaborated their theories to produce such works as The German Ideology (1846) and The Communist Manifesto (1848), and developed the terms ‘’proletariat’ and ’bourgeois’ to describe the working-class and the wealthy, segmenting the difference between their respective social classes. As a result of the apparent differences, Marxism states that proletariats and bourgeoisie are in constant class struggle, working against each other to amount in a gain for themselves.
The conditions described and analyzed by both thinkers are very similar and are focused on the rapid development of global trade and global economic cooperation. Marx mentions in the beginning of his “Communist Manifesto” that the “the discovery of America, the rounding of the Cape, opened up fresh ground for the rising bourgeoisie” (para13). In other words, the extension of the world market with the discovery of the lands rich with resources and new types of products allowed the rich people to widen their scale of operation and shift to the new markets in order to make more pro...
In order to understand Hay’s article, it is important to have a basic understanding of the fundamentals of Marxism – this will provide the necessary context to identify and understand the Marxist perspective in the article. Marxism is a political philosophy which focuses on social class and conflict as one of its main ideas. This is where one political class (the
The issue of global wealth redistribution has become an increasingly fundamental topic in our globalized world. The vast amount of literature on this topic has left philosophers and economists to seek questions on whether there is a duty to redistribute wealth and in what way it should be distributed globally. The uncertainty over this remains a key impediment to real life progress. Nevertheless, the crucial aspect of this debate is to understand whether individuals have an obligation to redistribute wealth internationally. There are many deep controversial issues that conflict with the justness of responsibility. However in this paper, I will be using a cosmopolitan outlook by opening up the discussion of the current global situation and what duty an individual in the developed states has to redistribute globally. I will also analyze the poverty in the third world, and assess whether distributing wealth is the most effective mechanism compared to other alternatives.
The ideology of Marxism, established by German philosopher Karl Marx, is a collectively known set of assumptions of a political ideology, which focuses especially on analysis of materialist interpretation of historical development, or on class struggle within the society. The primarily approach of Marxism, nonetheless, was the critique of capitalism. The strength of his inquiry lies in belief of inevitable shift from capitalism and he aims to advocate the new form of ideology and economy, the socialism. The title of this essay is provocative as in today´s world, there exist many proponents who claim, the core of Marx conception of ideology is still relevant in the 21st globalised world. However, Marxism is relevant to the extent to which is it important to examine every political and economic conception, moreover if we are able to perceive its outcomes after the concepts has been practically applied. This paper is intended to assess key ideas of Marxism with observations of positives and negatives it brought and the reasons why the concepts failed.
Marxism is a theory of revolution and a rudimentary account of how societies deal with and go through change that is inevitable. Its roots can be traced back
In his Manifesto of the Communist Party Karl Marx created a radical theory revolving not around the man made institution of government itself, but around the ever present guiding vice of man that is materialism and the economic classes that stemmed from it. By unfolding the relat...
The Marxists framework continues to be used by many analysts because it is one of the most completed and systematic theoretical critiques of capitalism which was ever created (Cohen J.B., 2008). Marxist an...
Poverty and income inequality are issues affecting a majority of people around the different parts of the globe. These issues exist and are increasingly becoming a major concern in both developing and developed countries. The purpose of this paper is to show some of the causes and effects of income inequality and poverty in developing and developed countries. Income inequality varies especially by region, education and social standing and hence increasingly widening for so many years. In addition, a large group of people in the world have the inability to access high quality education, shelter, food, clothing and basic medicine. Business activities are an important factor in the economy and have the ability to aid in eradicating poverty through
The political philosopher believed that communism could only thrive in a society distressed by “the political and economic circumstances created by a fully developed capitalism”. With industry and capitalism growing, a working class develops and begins to be exploited. According to Marx, the exploiting class essentially is at fault for their demise, and the exploited class eventually comes to power through the failure of capitalism.... ... middle of paper ...
Karl Marx’s critique of political economy provides a scientific understanding of the history of capitalism. Through Marx’s critique, the history of society is revealed. Capitalism is not just an economic system in Marx’s analysis. It’s a “specific social form of labor” that is strongly related to society. Marx’s critique of capitalism provides us a deep understanding of the system to predict its pattern and protect ourselves from its negative sides.
In order to advance in such a discussion, Ricoeur's proposal is to rethink the problem until it is possible to find a duple sense and a wider point of view. There is a long history words with respect to a false suspicion Marxism is only one link in this chain.
In this essay I am going to examine the Marxist view that the role of
According to Marx class is determined by property associations not by revenue or status. It is determined by allocation and utilization, which represent the production and power relations of class. Marx’s differentiate one class from another rooted on two criteria: possession of the means of production and control of the labor power of others. The major class groups are the capitalist also known as bourgeoisie and the workers or proletariat. The capitalist own the means of production and purchase the labor power of others. Proletariat is the laboring lower class. They are the ones who sell their own labor power. Class conflict to possess power over the means of production is the powerful force behind social growth.
He is known worldwide for his numerous theories and ideas in regards to society, economics and politics. His outlook on these subjects is known as Marxism. Marxism focuses on the imbalance and struggle between classes and society. Marx’s theories stem from the concept of materialism based society and the implications thereof. These concepts leads to the Marxist theory of the failure of capitalism. Marx had a number of specific reasons for the downfall of capitalism yet capitalism remains very real and successful. Marxism covers a wide range of topics and theories, but an in depth analysis of his criticism to capitalism and how it is not relevant to modern day will be explored.