Structuralism Dependency and World-Systems Analysis, Article Review Example

The introduction for “Political Economy” by Munk is very critical. It centers on contemporary politics of Latin America. It is based on a historical perspective and overview of this region. Here, prospects of this region’s culture, society and political economy are assessed within the context of a fast-changing world.

Henrique (1979), on the other hand, offers a very comprehensive analysis of economic development. Emphasis here is on internalization of domestic markets and its effects on the nature of dependence that is exhibited. The political role of middle class is identified as populist and nationalistic in nature.

Another approach is one that is adopted by Wallerstein, 1974. In this approach, the dependency theory is reconsidered. The article dwells on differences, similarities and limitations relating to the role that international finance and technology plays in explaining periphery and center interactions. The ideas from Latin America that relate to dependence have also been evaluated. The paper seems to conclude that financial dependence is becoming dominant as new systems of dominance continue to take shape. The dependence is blamed on failures relating to neoliberal agenda and debt crisis.

The argument that Wibbels (2006) proposes is unique. He argues that developing and developed countries use distinct strategies in order to enter into the global markets in an integrated fashion. The welfare efforts of the Organization for Economic Cooperation and Development are highlighted as representing the strategy employed by the developed nations. In sharp contrast, domestic politics, trade unions and other issues that are not influential on the international trade arena shape developing nations’ global market integration trends.