Colombian perspective Term Paper Example | Topics and Well Written Essays - 2000 words

Colombian perspective - Term Paper Example Political scientists have pointed out that economic inequality and political turbulence go hand in hand in order to create unequal prosperity. It is axiomatic that economical inequality gives birth of dissatisfaction among people of a particular country (Rapley 3). Inequality is multidimensional disease because research shows that inequalities may arise within the same country between various regions. For example, in China economic inequalities lies between urban region and coastal terrain due to difference in per capita income. Nobel laureate such as Amartya Sen has indicated that inequalities should be calculated in terms in terms of economic and geographic scale (Galbraith 160). Impact of economic inequalities is far less for developed countries like USA, UK and Germany in contrast to developing nations such as Brazil, India and other south Asian countries. The world has undergone various contingency period over the last 30 years due to various reasons such as Cold War between USA and Russia, currency crisis in Asia during 1997/98, terrorism, economic recession and recent euro zone crisis. According to financial analysts the meaning of instability has changed after economic recession of 2008. In now days instability means mankind could face period of adjustment in order to avoid situations like great depression (Smith 4-6). Political restructuring is a continuous process to resolve issues having importance in context of particular country. Political restructuring of Soviet Union had impacted the world severely in terms of creating new states and altering the economic dynamics of Russian Federation. Quintessentially economic hegemony of USA has impacted the direction of global stability for last 50 years while political instability of Middle East has disrupted stability of Asian countries (Ritchie, and Crouch 4). Giuseppe Sfligiotti has argued that price of clean