Political and Economic Analysis


In recent years, international political economy has evolved into a growth industry. Before 1970, it was practically nonexistent as a field of study. International political economy began its boom after the oil crises in the 1970 that affected both states and world markets. Today, the field of international political economy is not only comprised a lot of political economies but also entailed international and comparative politics. Attention was shifted to the field’s main focus when the Cold War ended. After the Cold War, scholars suddenly took interests in international political economy to understand how states and markets affect one another. With the advent of international political economy, scholars are realizing that the impacts of politics on the openness and stability of the international economy are profound. Undoubtedly, international political economy is the study of the impacts of politics on world economic actions.

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The framers of the U.S Constitution convened in 1787 to establish a strong and virile political system predicated on ideas of democracy, liberty, and equality, and founded to place limits on government (Ginsberg et al 18). As a preamble to the Constitution, the framers clearly spelt out the objectives of government which include: promoting justice, maintaining peace at home, defending the country from foreign foes, providing for the welfare of the citizenry, and, above all, securing the "Blessings of Liberty" for Americans (Ginsberg et al 27). The new Constitution that was framed after America's successful breakaway from Great Britain was indeed highly controversial at first. The controversial views about the Constitution were quickly ratified by sponsoring a Bill of Rights to dispel the fears of the critics of too powerful a national government. With time, the relationship between the government and Americans drastically changed through Constitutional amendments and guided by the ideas of democracy, liberty, and equality.

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Politics is a skirmish for power to actualize specific economic, political and social ideas. It is imperative to know that language plays a crucial role in the process of politics particularly in the preparation, influence and accomplishment of every political action. It is evident that active politics cannot be devoid of the strategic use of language. Barack Obama’s Inaugural Address 2009 is a testimony to the importance of the strategic use of words to produce desired effects. Before going into the rhetoric, rhythm, and strategies of Obama’s Inaugual Address of 2009, let briefly go down the memory lane. Barack Obama in November 2008 emerged as the first African American president in the history of the United States. In the political and social arenas of the American society, his electoral victory was considered to be a leap forward. His victory consolidated the dream of Martin Luther King Jr., and millions of his fellow citizens.

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The black people unrelentingly with great struggles came out of 19th century shattering the chains of slavery. We entered the 20th century to confront stereotyping, a sense of uncertainty, racial discrimination and more domination. We go into 21st century with high hopes, but with mother continent of Africa as turmoil-stricken as ever, characterized by wanton display of corruption, despotism, nepotism, and the killing of one another in the name of politics, religion extremism, tribal sentiments, and traditional bigotry. Then we begin to think that we need a change. The high hopes, attached to our independence and emancipation, have been shattered by our unprecedented, inhuman act of selfishness and unashamed corrupt practices. Black people are killing one another on the beliefs that are grounded on the altar of archaic mental dehumanization and shallow thought processes. Many theorists, virtually in all walks of life, have tried to postulate different types of theory that might be responsible for Africa underdevelopment and why the States of Africa are not getting it right.

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Social media were used again and again in the 2012 U.S. Presidential Campaign as a form of political advertisement platform. On November 6, 2012, Barack Obama, the incumbent Democratic President, was re-elected as the President of the United States. The victory of President Obama was ascribed to superior campaigning strategies, massive support by women, Hispanic Americans and African Americans (Cohen). The winning Barack Obama Campaign targeted women voters via its Facebook page "Women for Obama." The metaphors embedded on the Facebook page "Women for Obama," serve as a potent medium to unearth the rhetorical strategies used to attract Obama's female voters.

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A macro-sociological perspective targeted at explaining the dynamics of a total social system with regards to capitalist world economy, political, military and cultural power is called the world systems theory. The concept of a capitalist world system was introduced by Immanuel Wallerstein in 1974 (Carlos and Martinez-Vela). The theory is all-encompassing, incorporating inter-societal networks as the main point of social and economic analysis. The system is stratified into a three-tiered world-system and every country is located in one of the three strata namely: Core, Semi-periphery, or Periphery. The theory is posited on the basis that there is a world economic system in which some countries are exploited while others are benefited from the exploitation of others, with the periphery economies representing the weakest in the group while that of the core economies representing the strongest (Clark and Beckfield).

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