Author Question: Globally, several children die every minute, and during that same timeframe almost a million dollars ... (Read 69 times)

Metfan725 · **on:** Sep 4, 2018

Globally, several children die every minute, and during that same timeframe almost a million dollars is spent on military forces. Analyze the moral and political debates about North-South relations that are embodied in this reality.

What will be an ideal response?

Question 2

Theories of accumulation believe that economic development is based on accumulation. However, within theories of accumulation capitalist perspectives and socialist perspectives differ in their understanding about how economic systems work.

Define the prevailing notions regarding this critical step in economic development. Which one do you think is more accurate? Why?
What will be an ideal response?

vickyvicksss · **Reply #1 on:** Sep 4, 2018

Answer to Question 1

Ideal Answer: The ideal answer should include:
1. Outline North-South relations.
2. Explain the intersection of basic human needs and military spending, keeping in mind how lack and need can create security issues.
3. Discuss the moral and political implications of basic needs going unattended to in the face of defense spending. Consider how the South might be driven to keep up with the North, creating complex situations.
4. Analyze how the tension between competing needs might best be balanced, weighing the political against the moral.
5. Offer a concise summary and effective conclusion.

Answer to Question 2

Ideal Answer: The ideal answer should include:
1. Describe theories of accumulation, touching upon how economic development is based on accumulation.
2. Explain prevailing notions about how economic systems work in relation to wealth accumulation. Such notions depend upon one's approach being either that of a capitalist perspective or that of a socialist perspective. The capitalist perspective stresses overall efficiency in maximizing economic growth, whereas the socialist perspective is more concerned with the distribution of wealth than with its creation. The difference in perspective has implications for contemporary views on the gap between income levels in the world's industrialized regions and those in the global South.
3. Provide a succinct reasoning for which one is most accurate, and why. This will hinge, in part, on one's chosen perspective, but regardless of perspective one should take into consideration issues of maximizing economic growth, capital accumulation, economic surplus, etc.
4. Offer a concise summary and effective conclusion.