The role of power and influence in shaping global economic inequalities
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The role of power and influence in shaping global economic inequalities
Introduction:
Global economic inequalities are deeply intertwined with power dynamics and influence. This essay delves into the complex relationship between power, influence, and the formation of global economic inequalities. It examines how historical legacies, multinational corporations, international financial institutions, and geopolitical factors shape the distribution of wealth, resources, and opportunities across countries and regions.
Historical Legacies and Economic Inequalities:
- a) Colonialism and Imperialism: Historical processes such as colonialism and imperialism have left enduring impacts on global economic inequalities. Colonial powers extracted resources, imposed trade imbalances, and established exploitative economic structures that persist today.
- b) Unequal Trade Relationships: Economic inequalities are perpetuated through unequal trade relationships, where powerful nations often dictate the terms of trade, leading to dependency, resource extraction, and limited economic diversification for less powerful nations.
- c) Debt Burden and Structural Adjustment: Developing countries burdened by debt often face pressure to adopt neoliberal economic policies dictated by international financial institutions. These policies can exacerbate economic inequalities by prioritizing the interests of powerful nations and corporations.
Multinational Corporations and Economic Inequalities:
- a) Market Dominance: Multinational corporations (MNCs) exert significant influence on global economic inequalities. MNCs from powerful nations often dominate industries, exploit resources, and shape markets, creating disparities in wealth and opportunities.
- b) Labor Exploitation: MNCs often take advantage of cheap labor in developing countries, contributing to economic inequalities by paying low wages, imposing poor working conditions, and exploiting natural resources without adequate compensation or benefits for local communities.
- c) Tax Avoidance and Capital Flight: Powerful corporations utilize complex tax avoidance schemes and exploit loopholes to shift profits to low-tax jurisdictions, depriving governments of revenue needed for public services and exacerbating economic inequalities.
International Financial Institutions and Economic Inequalities:
- a) Conditionalities and Policy Influence: International financial institutions, such as the International Monetary Fund (IMF) and World Bank, impose conditionalities on loans and financial assistance to countries. These conditions often prioritize market liberalization and austerity measures, further exacerbating economic inequalities.
- b) Geopolitical Considerations: Powerful nations exert influence over international financial institutions, allowing them to shape policies that serve their own economic and political interests. This influence can perpetuate economic inequalities and marginalize the voices and needs of less powerful nations.
Geopolitical Factors and Economic Inequalities:
- a) Global Power Shifts: Economic inequalities are influenced by shifting global power dynamics. The rise of emerging economies and geopolitical changes can disrupt existing power structures, potentially leading to new patterns of economic inequality.
- b) Resource Competition: Powerful nations compete for control over valuable resources, often at the expense of less powerful nations. This competition can exacerbate economic inequalities by depriving countries of their natural wealth and hindering their economic development.
Conclusion:
Power and influence play a significant role in shaping global economic inequalities. Historical legacies, multinational corporations, international financial institutions, and geopolitical factors all contribute to the persistence of these inequalities. Addressing these power imbalances requires a comprehensive approach that promotes fair trade, regulates corporate behavior, reforms international financial institutions, and ensures inclusive decision-making processes. By doing so, it becomes possible to work towards a more equitable global economic system that fosters sustainable development and reduces economic disparities.
The role of power and influence in shaping global economic inequalities
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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