Employee Etiquette – Codes of Conduct necessary for an Individual at Work
Etiquette refers to good manners required by an individual to find a place in the society and gain respect and appreciation from others. Individuals working in organizations to earn a living for themselves are called employees. It pays to be a little mature and sensible at the workplace. Avoid being too casual. Employee Etiquette Employee […]
Role of Catalysts in Organizational Change
The other articles in this series on Change Management have listed the business imperatives for change as well as the various barriers to change that arise from internal and external resisters. In this article, we examine the other side of driving change and that is to do with the role of people who can act […]
Institutional Approach to Public Administration
The instructional approach to the study of public administration concerns itself with the institutions and organizations of the State. The core area of this method lies in detailed study of the structure, the functioning, rules, and regulations of the executives, legislatures and the departments of the Government. The scholars who practice this approach consider administration […]
Maslows Need Hierarchy Model
Download PPT for Complete Course on Maslow Need Hierarchy Model Total Slides: 49 Human behavior is goal-directed. Motivation cause goal-directed behaviour. It is through motivation that needs can be handled and tackled purposely. This can be understood by understanding the hierarchy of needs by manager. The needs of individual serves as a driving force in […]
Why Leaders Must be in Control over the Direction and Pace of Organizational Change
How Leaders Often “Lose the Plot” Midway through the Change When organizations embark on change initiatives, it is necessary for them and the leaders who lead them to be in control over the direction and pace of change. While organizations tend to plan ahead before initiating organizational change initiatives, more often than not, those in […]
The global political and economic system has undergone many changes over the last few decades. If the aftermath of World War 2 was to bring about the existence of two opposing camps consisting of the United States and the Soviet Union leading to the cold war, the post 1990 global political economy has been characterized by the emergence of the United States as the sole superpower with unbridled power.
However, the unipolar moment in the world for the United States was short lived as the 9/11 attacks comprehensively demonstrated that the United States could not take its preeminence for granted.
Further, the financial crisis of 2008 marked the end of the hegemony of the West and ushered in an era of competing states vying for dominance in the global political economy with no clear hegemon.
The evolution of the global political economy from that of detente between the US and the USSR to the birth of the unipolar world and to the ushering of the power of the East makes for fascinating analysis. If there is a clear lesson in all this, it is that no country can take its position for granted and that the fluid and ever changing global system means that the emergence of hegemonic powers also sows the seeds for their eventual decline. The reason for such fluidity and flux is that the arrival of technology and globalization has queered the pitch for the hegemonic powers and with increasing awareness and cognizance of the happenings across the world to the citizens of the countries, it is no longer possible to contain the yearning for freedom and security.
On the other hand, the world has become less safe as a result of the changes brought about due to globalization and the rise in the number of failed states is an indicator that whole countries are withering away wherein they cannot guarantee the security and prosperity of their citizens.
Further, the fact that globalization has increased the threats to humankind has only exacerbated the situation to a point where an isolated incident in one corner of the globe has the potential to bring the global political economy to its knees. These are some of the challenges that confront the policymakers in the west and the east as they grapple with the emergence of the new world order.
Finally, it is the case that the study of the global political economy yields the conclusion that the only constant in the world is change and that unless countries around the world seize the moment for themselves and not let go of opportunities, they are likely to be left behind in the race for dominance and even survival. In conclusion, the world is not what it used to be a few decades or a few centuries ago and hence it is in the interest of all aspiring professionals in all fields to pay attention to the changing contours of the global political economy.
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What is Compassionate Capitalism and Why We Need it in These Times of Planetary Crisis ?
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