Understanding the Concept of Political Economy Political economy is a field of inquiry that examines the interplay between economic structures and political power, highlighting how these relationships shape societies at multiple levels. From a sociological perspective, political economy is not…
Structural adjustment programs (SAPs) represent one of the most significant interventions in the global political economy, influencing the social and economic landscapes of many countries. These programs, primarily designed by international financial institutions such as the International Monetary Fund (IMF)…
The concept of the family wage is a cornerstone in the socio-economic history of many industrialized nations. Historically, it refers to a wage sufficient to support a worker and their family, envisioning a male breadwinner and a non-working wife who…
The Washington Consensus is a term that has become synonymous with a set of economic policy prescriptions often associated with neoliberal economic reform. Originally coined by economist John Williamson in 1989, the Washington Consensus refers to a series of ten…
