{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

EvansPolEc - C HAPTER Pol itical Economy Emmit B Evans Jr...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER Pol itical Economy Emmit B. Evans, Jr. We face a global economic slowdown and a food security crisis, both of uncertain magnitude and duration. Global warming has become more apparent. These developments affect our efforts to reduce poverty: the economic slowdown will diminish the incomes of the poor; the food crisis will raise the number of hungry people in the world and push millions more into poverty; climate change will have a disproportionate impact on the poor. BAN KI-MOON 1 The global systems of economic production and distribution that determine the allocation of the earth's resources have created and maintain a world of gross disparities. The 85 percent of the world's population living in the Other World of the Global South possess only 20 percent of the planet's wealth, while 80 percent goes to the 15 percent living in the industrialized Global North; these disparities in wealth translate into related inequities in food, health, shelter, and life expectancy.2 And current world trends are toward rapidly increasing inequality: As United Nations Secretary-General Ban Ki-moon observes above, the global economic crisis that began in 2008 is widening the separation between the very rich and most of the world's peoples, while climate change driven by global warming is unleashing devastating environmental transformations being felt immediately and most severely in the Other World. 47
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
48 Part I • Global Issues in the Other World Chapter 2 described how the global systems of production and distribution that have determined the contrasting lifestyles of the citizens of the industrialized West and the Other World were initiated 500 years ago. The first voyage of Columbus in 1492 marked the beginning of patterns of Western domination that have evolved through a series of stages to the globalization of today. This chapter traces the evolution of the global political economy from mercantilism to capitalism to globalization, and explores the challenges and opportunities before us as we realize our common future with the peoples of the Other World in a rapidly evolving global society. POLITICS, ECONOMICS, AND POLITICAL ECONOMY Politics is commonly defined as the authoritative allocation of values, or who gets what, when, and how. The political process, in other words, determines how those things people value most (such as survival, material goods, wealth, and status) are distributed among a society's, or the world's, peoples. Analysts of the political process have long noted that power is the primary factor that de- termines who gets what and when; an even more concise definition of politics is that it is simply the exercise of power. Power, in turn, is defined as the capac- ity to control other people's behavior.
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern