(CL) How Is The World Organized Economically?

"Economics is the study of production and distribution of goods and wealth." (Edkins and Zehfuss -- Global Politics: A New Introduction 2009) According to the book, this also has to do with the following:

> The role of states in creating capitalist markets;
> How technologies matter;
> How work is organized; and,
> Whose work is valued.

The Economic standpoint of a nation seems to lie on the type of government it has and how the people respond top it.

Naturally, the scarce goods and wealth are distributed to the developed nations because they are who have the means to purchase it.

There is and always has been economic inequality among nations ever since colonial times and such. There always has been in the general consensus a difference between people of different race, age, and gender, and such affects the economy of a nation. After that, the fact remains that a country that produces much and earns much have the power to purchase more and produce more.

The world is organized into the way that each nation produces a national income, which is affected by the resources available to them. This in turn is affected by the income and power they have to purchase these resources. In some countries, they retain the rights to consume their own resources, but less developed countries that are subject to what they can get from countries that can help them and more disposed to sell their resources and, like the Philippines, are left with the left-overs of their resources.

It is a cycle that almost confines countries to their economic status except in very few circumstances, such as Singapore's rise to developed and China's continuing climb.