Political Science Question

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Simon Fraser University

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The essay must provide case studies on 3-4 low income countries, or countries that were previously low to middle income during the twentieth century. The essay must between 4,000-5,000 words in length (excluding bibliography). The essay should engage with approximately 12 academic sources (journal articles and books) and 5 primary sources (political memoirs; government or intergovernmental documents; essays, interviews, or speeches by public figures). Have in-text citations and quotes to support your points, with transition sentences at the concluding and introductory sentences of every paragraph so that there is a flow.

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Explanation & Answer

Attached.

Outline
i.

Introduction


Low-income countries represent a significant proportion of the global population, going
through several challenges that affect their socioeconomic and political landscapes.



This research paper delves into the realities of three diverse low-income countries: the
Democratic Republic of Congo, Mongolia, and Zimbabwe.

ii.

Main body


Inflation is an economic phenomenon referring to a persistent rise in the general price
level of goods and services over some time.



A vital issue grappling most low-income countries is inflation.



Inflation measures the rate at which prices of goods and services increase within a given
economy

iii.

Conclusion

iv.

References


1

Low-Income Countries Case Study

Name of Institution
Name of Student
Name of Professor
Date Due

2

Low- Income Countries
Low-income countries represent a significant proportion of the global population, going
through several challenges that affect their socioeconomic and political landscapes. This research
paper delves into the realities of three diverse low-income countries: the Democratic Republic of
Congo, Mongolia, and Zimbabwe. These nations stand at the crossroads of history, facing unique
circumstances that demand attention and understanding. The Democratic Republic of Congo
(DRC), located in the heart of Africa, is one case of a country grappling with a history of
conflict, natural resource exploitation, and political instability. These and other factors have
constricted the resourceful nations' economic stability, causing them to regress (Bolton, 2020).
Secondly, Mongolia, a nation between two financial giants, Russia and China, offers a different
perspective on its economic challenges, with numerous untapped natural resources and a
characteristic nomadic culture. These have all played crucial roles in its growth and development
within the financial markets (Chimed-Ochir, 2022). Finally, Zimbabwe, another African country
located in the southern part of Africa, is one nation that has grappled with political instability and
economic development even in recent times. Understanding the scope of these countries'
financial woes is crucial in developing ways of uplifting its people. By examining these three
countries, we aim to shed light on the complexities of low-income countries, each seeking to
comprehend its challenges and opportunities. This paper will explore critical dimensions such as
economic development, healthcare, education, and political stability to understand these
countries and the potential pathways for improvement comprehensively. Through developing
this understanding, we aim to contribute to the discourse surrounding the growth development
and challenges of low-income countries to promote sustainable change and progress.
Inflation

3

Inflation is an economic phenomenon referring to a persistent rise in the general price
level of goods and services over some time. It is viewed as a double-edged sword, with moderate
inflation levels considered necessary for economic growth through promoting spending and
investing (Chimed-Ochir, 2022). However, Hyperinflation can erode the purchasing power of a
currency, disrupt financial planning, and negatively impact low-income populations.
Understanding the complexities of inflation mandates a comprehensive analysis of its underlying
causes, such as demand-pull factors (Cieslak, 2023). The delicate balance between promoting
economic growth and maintaining price stability highlights the complexities of inflation
management, making it a key focus for economists and policymakers.
A vital issue grappling most low-income countries is inflation. Inflation measures the
rate at which prices of goods and services increase within a given economy. Economies
grappling with inflation usually have a general increase in price for basic needs such as food and
public services such as transport, negatively impacting their economy. Inflation is an economic
concern since it lowers the currency's value, eroding a consumer's purchasing power (ChimedOchir, 2022). It is an economic indicator and decision-making tool affecting consumer behavior,
investment choices, and government policies. Despite inflation being part of most economies
globally, its impact, especially in low-income countries, is usually severe due to existent
economic vulnerabilities and external factors (Reis, 2022). Inflation has been a characteristic
economic determinant in these three economies, therefore creating a need for comprehensively
studying its impact on them.
In the global scene, inflation in low-income countries presents unique challenges for
these countries struggling with economic development. These nations face diverse economic
challenges that impact their economies and a myriad of interrelated issues rooted in historical

4

legacies, political turbulence, and inadequate resources. The DRC, Mongolia, and Zimbabwe
offer diverse case examples demonstrating the multifaceted nature of inflation in low-income
countries.
Nexus of Inflation
Low-income countries are often characterized by fragile economic structures, limited
industrial diversification, and a heavy reliance on primary resources, making them more
susceptible to financial pressures. For instance, the DRC is a nation endowed with numerous
natural resources that historically have driven its economic growth and, paradoxically,
Hyperinflation. Mining activities and export of some of its natural resources, such as diamond,
cobalt, and coltan, have been subject to market fluctuations and exploitation, contributing to
economic instability and inflationary spikes (Bolton, 2020).
Mongolia, on the other hand, is faced with unique challenges with its nomadic cultural
heritage and growing mining activities. The interaction between these factors and the
geographical location of the two economic giants exposes the nation to external economic
shocks. Such shocks contribute to inflation in the country, and the government's response to
these issues is instrumental in establishing the country's economic rates (Chimed-Ochir, 2022).
Zimbabwe presents a complex history of political instability, unrest, land reforms, and
currency devaluations, creating a fragile, turbulent economy. Hyperinflation peaked
astronomically in the early 2000s, causing severe economic and humanitarian crises (ChimedOchir, 2022). The nation's experiences with inflationary spirals serve as a sobering reminder of
how political decisions can amplify the magnitude of low-income countries' financial challenges.

5

Inflation as a Barometer of So...


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