This website uses cookies to ensure you have the best experience. Learn more

"Critically Analyse One Theory To Explain The Global Political Economy" I Examined The Dependency Theory.

2562 words - 10 pages

ABSTRACTThere are no universal truths in political theory. This essay is about Dependency Theory and its use to explain the global political economy. Dependency Theory is a political interpretation of the way economic systems impact on the Less Economically Developed Countries. . As a theory it is an activist for change but also a means of understanding the world order and it is for these reasons I chose it above other theories I examined. I wanted to understand the ideas behind the theory. To do this I examined Dependency theory?s historical placing, its origin in political thought, who the key thinkers were and what they were influenced by.I needed to defined dependency theory and as you will read discovered no one set definition but many strains. I have tried to cover the core ideas but realise that there are many threads to any theory. I wanted to put Dependency theory into context by bringing in some real world examples and have done so in the section called ?Cases in point and Illustrations?. In the conclusion I have addressed the flaws of the theory as well as changes in the world in relation to dependency. There are many other theories and solutions that will and are doing more to improve the lot of the people in those countries that form the basis for the argument. There is a place for the Theory as a tool for analysis but possibly not as a prescription for good economic health. It is certainly an issue which will be the subject of political debate for many years to come.INTRODUCTIONSusan Strange propositions (1) that the global political economy (GPE) is, ?The social, political and economic arrangements affecting the global systems of production exchange and distribution and the mix of values reflected therein?. I accept this assertion and would add the importance of historical context. International political economy (IPE) is steadily being replaced by the term GPE. It is the global terminology that offers the way into a collection of new political theories. These examined the world from a different perspective, the undeveloped as opposed to the developed nations. Ankie Hoogvelt argued,(2) ?Development and underdevelopment was a two-way affair?underdevelopment in the periphery contributed to further development in the advanced, core, countries?. Due to the logic in her argument I chose to examine and analyse Dependency theory.There are no universal truths within a theory or the application of one; a theory in any context is merely a school of thought. Having examined the most widely used theories within the GPE one can see that the theories currently are at their core contradictory and often controversial. The global political economy can be explained by theories from the classical; Realism (3) to the radical, Marxism (4), within that continuum dependency would be at the Marxist end.DEPENDENCY THEORY: A HISTORICAL PERSPECTIVEWho the actual author of dependency theory was is not an easy question to answer since many members of the...

Find Another Essay On "Critically analyse one theory to explain the global political economy" I examined the Dependency Theory.


2603 words - 10 pages Modernization and Dependency Theory A clear and advanced look at the two theories leaves one with the assumption that they are related and therefore they can be discussed together. This is attributed to the fact that they both argue from the same point of development and that development of a nation can only be reached at by ensuring the acquisition of new techniques. In addition a country on its own cannot acquire the advanced

Political Economy Theory: Does the structure of the media industry influence its content?

1059 words - 4 pages conclusion, the political economy theory, which highlights the a link between "ownership and … content of media production" (Stevenson N, 2002: 41), can be applied to the article about MySpace to reveal how much ownership, among other things, can affect the information the public receives from mass media outlets. As demonstrated in the way that News Limited portrayed MySpace in a positive light for the economic benefit of its parent

Is Plato right to think that the best state is one from which all conflict is banished? - Political Theory - Essay

1181 words - 5 pages Is Plato right to think that the best state is one from which all conflict is banished? One of Plato’s largest beliefs is that the city reflects its citizens. Echoing this way of thinking, it appears logical to discuss how we can create an ideal state by manipulating the way we treat others and our place in society. By reducing the level of conflict within ourselves and social structures, Plato states that the city as a whole stands to profit

Political Theory

864 words - 3 pages Political theory in it's simplest form is man's belief on not only how politics work, but how they should work. Philosophers throughout history have concerned themselves with political institutions, laws, and customs; how they are constructed and upheld within a particular society. They've also touched on the various goals and obligations of political action. It is essentially the political philosopher's responsibility to differentiate between

Political Theory

709 words - 3 pages because it would strip people of key parts of their identities, and is correct in saying that we need to control the effect these factions have. Madison is in full favor of giving the power of the political system to the minority factions, in part because he hopes this will prevent oppression, but primarily to protect his own self-interests. This is where his theory falls short as he allows his own self-interest, holding on to his land, to could his

Explain the theory of Virtue Ethics

1022 words - 4 pages that a virtue was a 'Golden Mean' in between to vices. These 'Vices' are two extremes of a scale at opposite ends, one of excess and one of deficiency. For example the vices would be shamelessness and shyness, and the virtue modesty. Another example of this would be rudeness and a sense of humour as the two vices and the virtue as wittiness. Such virtues must be cultivated, we must learn when to use certain virtues and to what extent, for example we

The Canadian Economy- Smith or Marx Theory?

1256 words - 5 pages economy should be a bit more as their southern neighbor the United States, it is also argued that Canada’s mixed economy provides a perfect blend of corporate and government responsibility.      When it comes the Smith’s theories, the one that stands out the most would be his theory of the “invisible hand”. This “hand” controlled the economy by driving prices down through competition and resources. This metaphorical “hand

Using the Sexual Objectification Theory to Analyse Advertisements in the United States

2113 words - 8 pages sparkle and shine is the incapable goal of thousands of women in America. This may explain the large amount of depression, cutting, bolemia, anxiety attacks and various other consequences of self-esteem that are beginning to rise uncontrollably. According to the American Association of Advertising Agencies, we view up to 3,000 advertisements every day, which adds up to over one million per year. ( Advertisements shape American

Critically assess the Pecking Order Theory of Capital Structure

1785 words - 7 pages There is no universal theory of the debt-equity choice, and no reason to expect one. In this essay I will critically assess the Pecking Order Theory of capital structure with reference and comparison of publicly listed companies. The pecking order theory says that the firm will borrow, rather than issuing equity, when internal cash flow is not sufficient to fund capital expenditures. This theory explains why firms prefer internal rather than

Discuss the extent to which trade theory can be used to explain the competitiveness of locations

3091 words - 12 pages determinants of global competitiveness. However, this model is incomplete, mainly because he doesn't adequately incorporate multinational activities.In conclusion, based on the above review, it shows the limitations of the theories and helps us to understand why no single theory can explain the competitiveness of locations in trade theory. Simply put, the subject is too complex to be explained with just one or two theories.

Political Theory versus Scientific Theory

1215 words - 5 pages Political Theory versus Scientific Theory Theory is ubiquitous. Everyone is a theorist. A theory is generally stated to be an idea or belief one has formulated that is to be tested by others. Theory abstracts and generalizes from specific circumstances, and enhances the accessibility of experience. They are often more general and abstract then the facts they attempt to explain, therefore, alluding to more than just facts. Theories are

Similar Essays

Critically Analyse The Role Of ‘Consent’ In Locke’s Political Theory

1723 words - 7 pages necessarily a benefit for the poor. Other benefits may be exaggerated and used to cover the real purpose of the sovereign which is to protect those with property from those who do not have property. Therefore, those with property give expressed consent, whereas those without property give tacit consent and merely obey the laws that favour the privileged groups in society. The role of consent in Locke’s political theory is clearly a debated one. There

Dependency Theory Essay

929 words - 4 pages are strong ties between the core and the periphery, the underdevelopment expand. According to the dependency theory, there is only one way how to increase underdevelopment in the Third World countries- development could occur only when the links with global capitalism had been broken. The dependence from the core can’t help to develop and to be country with stable economic situation, despite the fact that the core has resources and economical

Rotational Model Theory Examined Essay

6794 words - 27 pages moved by its whole being at once and in the same way. It is here that I will return and address some of the earlier facets of this ‘circular soul’ theory in Lee’s paper that seem to be in contention with other contemporary commentators own interpretation of the Platonic theory. The first I will address is the question of whether this motion can be considered one of a metaphoric model or as the literal interaction of immaterial ‘soul stuffs

"'now That The Cold War Has Ended, Realism Can No Longer Explain Global Politics". Critically Analyse This Statement

1449 words - 6 pages 1. 'Now that the Cold War has ended, realism can no longer explain global politics'. Critically analyse this statement.The rise of the Soviet Union and the United States during the 1945 period is of great importance to international history and politics. This is because the affairs of these two superpowers affected all the other nations in the globe in one way or the other. This time period of East-West tensions is popularly known as the era of