GLOBALIZATION AND SOCIAL INEQUALITY IN NIGERIA

2020 ◽  
Vol 73 (1) ◽  
pp. 147-154
Author(s):  
O.W. Adeleke ◽  
◽  
А.Т. Abzhaliyeva ◽  
Keyword(s):  
Emerging Markets ◽  
Social Inequality ◽  
Developing Economies ◽  
State System ◽  
The West ◽  
Territorial Integrity ◽  
Market Economies ◽  
Post Colonial ◽  
New States ◽  
Domestic Instability

Globalization creates social inequality and instability, it poses threat to sovereignty and territorial integrity not just in the post-colonial countries of Asia and Afrika, but also in the current Westphalia state system. Globalization often tacitly embolden demands for new states. Meanwhile, neo-liberalism that works in the well-established market economies in the West has failed to meet the target in the emerging markets of the developing economies. Although globalization comes with both enriching and impoverishing impacts, yet the impacts are known to be disruptive and contribute to domestic instability.

NENHUM “CHOQUE DAS CIVILIZAÇÕES”: UMA ANÁLISE DAS GEOGRAFIAS IMAGINATIVAS NA MÍDIA IMPRESSA ÁRABE APÓS OS ATENTADOS DE 11 DE SETEMBRO DE 2001

GEOgraphia ◽  
2018 ◽  
Vol 19 (41) ◽  
pp. 86
Author(s):  
Shadia Husseini de Araújo
Keyword(s):  
Print Media ◽  
Media Framing ◽  
Critical Geopolitics ◽  
Clash Of Civilizations ◽  
The West ◽  
Arab Media ◽  
Islamic World ◽  
Post Colonial ◽  
Imaginative Geographies ◽  
Il Y A

Resumo: Enquanto existem muitos estudos sobre a reprodução da teoria do “choque das civilizações” e do “mundo islâmico” como o “outro” do Ocidente em mídias ocidentais após os atentados de 11 de setembro de 2001, são extremamente escassos aqueles que analisam a presença dessa teoria nas mídias árabes. Quais são os discursos geopolíticos (re)produzidos nessas mídias com o objetivo de enquadrar e explicar os atentados? Qual é o papel da teoria do “choque das civilizações” e das representações do Ocidente que se manifestam nesse contexto? Este artigo procura responder essas perguntas a partir de uma perspectiva da geopolítica crítica, valendo-se do conceito de “geografias imaginativas”. Os principais jornais transnacionais árabes, al-Hayat, al-Quds al-Arabi e Asharq Al-Awsat, constituem o exemplo empírico. Este artigo mostra que a teoria do “choque das civilizações” – por sua vez duplamente assentada em regionalizações geográficas tradicionais e em uma construção binária entre Ocidente e mundo islâmico – é rejeitada nos jornais analisados. Em vez de se apoiar nessa teoria, os acontecimentos de 11 de setembro de 2001 e os atentados terroristas nos anos seguintes, bem como as geografias imaginativas do Ocidente reproduzidas nesse contexto, são enquadrados e formados por meio de um discurso multifacetado e profundamente pós-colonial. Palavras-chave: Geografias imaginativas. Geopolítica crítica. Mídia impressa árabe. Crítica pós-colonial. NO “CLASH OF CIVILIZATIONS”: AN ANALYSIS OF IMAGINATIVE GEOGRAPHIES IN ARAB PRINT MEDIA AFTER 9/11 Abstract: While many studies analyse the reproduction of the “clash of civilizations” theory and the “Islamic world” as the West’s “other” in Western media after 9/11, there are only few works dedicated to Arab media. What are the geopolitical discourses (re)produced in Arab media framing and explaining the attacks? What is the role of the “clash of civilizations” theory and the representations of the West in this context? This paper addresses these questions from the perspective of critical geopolitics using the concept of “imaginative geographies”. The transnational Arab newspapers al-Hayat, al-Quds al-Arabi e Asharq Al-Awsat serve as the empirical example. I argue that the theory of the “clash of civilizations” – which is based on traditional geographical regionalisations and a binary construction between the West and the Islamic world – is rejected in the analysed newspapers. Instead, 9/11 and other terrorist attacks in the subsequent years as well as the imaginative geographies of the West reproduced in this context are based on a multifaceted and profoundly post-colonial discourse. Keywords: Imaginative Geographies. Critical Geopolitics. Arab Print Media. Postcolonial Critique. AUCUN “CHOC DES CIVILISATIONS”: UNE ANALYSE DES GEOGRAPHIES IMAGINAIRES DANS LES MEDIAS ARABES IMPRIMES APRES LES ATTENTATS DU 11 SEPTEMBRE 2001 Resumé: Bien que de nombreuses études analysent la reproduction de la théorie du “choc des civilisations” et du “monde islamique” comme “l’autre” de l’Occident dans les médias occidentaux après les attentats du 11 septembre 2001, il y a peu de travaux consacrés aux médias arabes. Quels sont les discours géopolitiques (re)produits dans ces médias pour contextualiser et expliquer les attaques ? Quels sont les rôles de la théorie du “choc des civilisations” et de la représentation de l’Occident dans ce contexte ? Cet article tente de répondre à ces questions dans une perspective de géopolitique critique, en utilisant le concept de “géographies imaginaires”. Les principaux journaux transnationaux arabes, al-Hayat, al-Quds al-Arabi e Asharq Al-Awsat sont le matériau de l’enquête. Cet article montre que la théorie du “choc des civilisations” – elle-même basée sur les régionalisations géographiques traditionnelles et la construction opposant Occident et monde islamique – est rejetée dans les journaux analysés. Au lieu de cela, les événements du 11 septembre 2001 comme les attentats terroristes des années suivantes, ainsi que les géographies imaginaires de l’Occident reproduites dans ce contexte, sont façonnés par un discours à multiples facettes, profondément post-colonial. Mots-clés: Géographies Imaginaires. Géopolitique Critique. Médias Imprimés Arabes. Critique Postcoloniale.

Macroeconomic Shocks and Unconventional Monetary Policy

2019 ◽  
Keyword(s):  
Interest Rate ◽  
Financial Crisis ◽  
Emerging Markets ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Developing Economies ◽  
Spillover Effects ◽  
Macroeconomic Shocks ◽  
Monetary Policies ◽  
Developed Economies

Barely two decades after the Asian financial crisis Asia was suddenly confronted with multiple challenges originating outside the region: the 2008 global financial crisis, the European debt crisis, and, finally developed economies’ implementation of unconventional monetary policies. Especially the implementation of quantitative easing (QE), ultra-low interest rate policies, and negative interest rate policies by a number of large central banks has given rise to concerns over financial stability and international capital flows. One of the regions most profoundly affected by the crisis was Asia due to its high dependence on international trade and international financial linkages. The objective of this book is to explain how macroeconomic shocks stemming from the global financial crisis and recent unconventional monetary policies in developed economies have affected macroeconomic and financial stability in emerging markets, with a particular focus on Asia. In particular, the book covers the following thematic areas: (i) the spillover effects of macroeconomic shocks on financial markets and flows in emerging economies; (ii) the impact of recent macroeconomic shocks on real economies in emerging markets; and (iii) key challenges for the monetary, exchange rate, trade, and macroprudential policies of developing economies, especially Asian economies, and suggestions and recommendations to increase resiliency against external shocks.

scholarly journals China’s Belt and Road Initiative: Will it Make or Mar Development in the Central and West Africa Subregions?

2020 ◽  
Vol 10 (4) ◽  
pp. 19
Author(s):  
William G. Dzekashu ◽  
Julius N. Anyu
Keyword(s):  
Growth Dynamics ◽  
Sustainable Growth ◽  
Agricultural Products ◽  
Belt And Road Initiative ◽  
The West ◽  
Colonial Era ◽  
Post Colonial ◽  
Belt And Road ◽  
The Impact ◽  
Domestic Products

The West, chiefly Europe, left political footmarks in Africa from the Colonial Era, along with varying economic footprints and surviving engagements in the immediate Post-colonial Era. However, the relationships between Africa and her former colonial masters have hardly yielded much to the former following the wave of independence, leading to the perception of failed relationships. This perception of failure to deliver on their undertakings has left Africa with only one option—China. The latter has been addressing some of Africa’s urgent infrastructure needs in return for natural resources and agricultural products. These engagements on the surface appear to be good business, but on further examination seem questionable notably as it relates to debt distress on vulnerable economies. To increase her footprint within the continent, China extended her Belt and Road Initiative (BRI) to most African nations who have signed a memorandum of understanding for future development projects. Though the commitments usually are unspecified, China’s investments have seen rapid growth since the early 2000s, largely owing to the implementation of the BRI. The memoranda have had the potential to strengthen ties with partner nations. The expansion to include Africa in its economic participation in the BRI has left the West questioning China’s motives while reinforcing suspicions about possible future US-China conflict. The impact of BRI on the African continent is quite visible in all the subregions, especially in their improved gross domestic products. A burning question has been whether these partnerships represent win-win relationships for sustainable growth or debt-growth dynamics.

scholarly journals Colonial Policies and Post- Independence Development in Nigeria

2021 ◽  
Vol 04 (04) ◽  
Author(s):  
Obinna Nwodim ◽  
Keyword(s):  
Secondary Data ◽  
Theoretical Framework ◽  
The Political ◽  
Dependency Theory ◽  
The West ◽  
Political Activities ◽  
Post Colonial ◽  
Colonial Policies ◽  
Indirect Rule

This paper argues that the British colonialists introduced indirect rule to deliberately slow down development in Nigeria and therefore examines how policies influenced the nature and character of socio-cultural and political activities in Nigeria, as well as made it dependent on the west for the sustenance of its economy. It adopts the Dependency Theory as theoretical framework. The study is qualitative and thus obtained secondary data from text books, journals, newspapers and magazines both online and offline, which were content analyzed and formed the basis of conclusion. It observed that the colonial masters had deliberate policies that negatively affected the post-colonial development of Nigeria. It recommended, amongst others, a comprehensive restructuring and overhaul of the political and economic structures that impede development, as well as the reawakening of the consciousness of Nigerians for veritable development.

scholarly journals Liquidity regulations and bank behavior: An emerging markets perspective

2021 ◽  
Vol 10 (4, special issue) ◽  
pp. 194-211
Author(s):  
Tafirei Mashamba
Keyword(s):  
Emerging Markets ◽  
Global Financial Crisis ◽  
Emerging Market ◽  
Generalized Method Of Moments ◽  
Emerging Market Economies ◽  
Basel Iii ◽  
Market Economies ◽  
Coverage Ratio ◽  
The Impact

The 2007 to 2009 global financial crisis significantly affected the funding structures of banks, especially internationally active ones (Gambacorta, Schiaffi, & Van Rixtel, 2017). This paper examines the impact of liquidity regulations, in particular, the liquidity coverage ratio (LCR), on funding structures of commercial banks operating in emerging markets over the period 2011 to 2016. Similar to Behn, Daminato, and Salleo (2019) who developed a dynamic partial equilibrium model to examine capital and liquidity adjustments, this paper develops three dynamic error component adjustment models and estimates them using the two-step system generalized method of moments (GMM) estimator to analyze funding adjustments adopted by banks in emerging markets in response to the LCR requirement. The results revealed that banks in emerging markets responded to binding liquidity regulations by increasing deposit, equity as well as long-term funding. In terms of the magnitude of response, deposit funding was found to be more responsive to the LCR rule while the elasticity of equity and long-term funding to the LCR specification was found to be weak. The weak response of equity and long-term funding to liquidity standards was attributed to low levels of capital market development in emerging markets (Bonner, van Lelyveld, & Zymek, 2015). By and large, the results suggest that Basel III liquidity regulations have been effective in persuading banks in emerging market economies to fund their business activities with stable funding instruments. Based on this evidence, the study supports the adoption of Basel III liquidity regulations in emerging markets. Moreover, policymakers in emerging market economies should monitor competition for retail deposits to safeguard the benefits of the LCR rule and pay more attention to developing capital markets.

scholarly journals CITRA EKSOTIK DALAM NOVEL RONGGENG DUKUH PARUK

2020 ◽  
Vol 19 (2) ◽  
pp. 23
Author(s):  
Abu Bakar Ramadhan Muhamad
Keyword(s):  
Power Relationship ◽  
The Novel ◽  
The West ◽  
Aesthetic Object ◽  
Post Colonial ◽  
World Region ◽  
East Region ◽  
Rearrangement Process ◽  
Ambivalent Relationship ◽  
Material Conditions

Imaging of a discourse in the paradigm of postcolonialism is closely related to the issue of domination and subordination in terms of reference to imperialism or capitalization. The imagery is a project that develops special perceptions about "foreign" (East) regions. This project presupposes that the "foreign" (East) region is exotic "uncivilized" regions, standardized in a special "understanding", whose main purpose is to separate or dissolve it ("tame" the "foreign" region), so that different from or being "civilized". One area that is strongly embedded in this project is literature, with the novel as an aesthetic object. In connection with this issue, this article reveals how the East is presented in its exotic image, so how the image represents an ambivalent relationship between the East (colonized) and the West (invaders), especially in the Ronggeng Dukuh Paruk (RDP) novel by Ahamad Tohari.The results of the study show that the RDP novel is an urgent medium related to the conditions of postcoloniality. The postcoloniality is meant not only that the narrative that is displayed is the essence of what is obtained from the author about the exotic world region (the nature of Paruk dukuh) with all the signs attached to it, narration is also used as an affirmation of identity and historical existence, in the context of civilized culture. The culture in question is the source of identity that is championed as a filter and lifter, for the community that has been known and thought about, as an invitation for emancipation. Power and ability to tell stories, in this case, are used as weapons of the author in hopes of inspiring readers. The expected result is the hegemonic reader of the discourse displayed in the work of the author.In the post-colonial context, this method is inseparable from a combination where political and ideological power is interrelated, where the image represented is always still signifying the "emancipation" power relationship between the West and the East. However, like ideology, imaging must be realized other than as originating from and relating to material conditions and material effects, it is also a misrepresentation of reality and in its rearrangement process. Therefore, the potential, possibilities, and certain visions that follow, are full of content, values, or strategies for "mastering" (power). Especially in the Ronggeng Dukuh Paruk novel by Ahamad Tohari, exotic images give rise to ambivalent meanings for emancipation efforts (West to East).

State, Civil Society, and Market in India: The Context of Mobilization

1996 ◽  
Vol 1 (2) ◽  
pp. 191-202 ◽  
Author(s):  
T. Oommen
Keyword(s):  
Civil Society ◽  
Social Transformation ◽  
Economic Liberalization ◽  
The State ◽  
Theory Construction ◽  
The West ◽  
Market Mechanisms ◽  
Post Colonial ◽  
Communal Life ◽  
Intergroup Conflicts

Western societies have accomplished relative autonomy of the state, civil society, and market. The current thrust of social transformation in post-colonial and post-socialist societies also point in the same direction. This article traces the trajectory of autonomization achieved and/or attempted in these societies, and identifies the implications of the processes involved for theory construction. It is argued that in the context of mobilizing for change, privileging either state, civil society, or market would be a rash prejudgment. The possessive individualism of the West articulated in its rapacious market mechanisms alienates individuals destroys communal life. With reference to India, I trace out how the current tendency of privileging civil society as the sole agency to reestablish democratic values in past socialist societies-and relegating the state to the background-may foment serious intergroup conflicts. The recently initiated process of economic liberalization in the part-colonial democratic societies often ignores that there is nothing much to chose between the behemoth of the market and the leviathan of a state. It is suggested that only an equipoise between the state, society and market can produce a 'good society."

Russia and the West

2014 ◽  
Author(s):  
Stephen Lovell
Keyword(s):  
Cultural Capital ◽  
State System ◽  
The Political ◽  
Napoleonic Wars ◽  
Binary Opposition ◽  
National Politics ◽  
The West ◽  
Russian Culture ◽  
American Hegemony ◽  
The 1950S

Concentrating on the political and cultural capital that various elites have extracted from notions of the West, this chapter identifies four phases in the development of the most consistently articulated binary opposition in modern Russian culture: Russia’s entry into the European state system in the late seventeenth and eighteenth centuries; the era of national awakening from the Napoleonic wars to the 1860s; the era of mass national politics and decolonization from the 1860s to the 1950s; and the era of American hegemony, globalization and European peace from the 1950s onwards which has eventually caused the Russian nation to reinvent itself in a postcommunist guise.

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