Many developing countries from Middle East to South America have attempted to master the process of development but have failed.
And one of the major reasons behind this is "Domestic Monopoly Power." Most of these countries are trapped in their local markets and do not open their markets internationally.
Domestic group interests have small incentives to open up their markets to international firms with advanced technologies.
However, if they even try to open their borders, they still remain trapped in low or middle levels of income.That's why poor countries remain poor over the period of time.
<u>Colonial:</u> Colonialism is a type of policy where control by one power or nation over another country as well as dependent area. Generally, the aim is related to economic dominant of colonized country
<u>Socio-cultural imperialism:</u> Socio-cultural imperialism related to culture. They imposed their culture to non- dominance country through economically or politically.
<u>Economic imperialism: </u>A situation where dominating country has lots of economic power over non-dominance country or area.
<u>Similarities: </u>These all are affected non-dominance country. Colonialism and imperialism both means domination in political and economic over other country or area.
<u>Difference: </u>The major difference is colonialism means complete control over the other country but imperialism means formally or informally control over other country
Answer:
The importance of Federalism are :
- Federalism helps in the expression of local preferences legitimately.
- This federal form of government provides genuine and active citizens alternate venues to seek policy goals.
- Federalism allows a peripheral government to act as "laboratories" of public policy which will prevent adverse effects of bad policy and allow for the dispersion of good policies.
- Federalism gives citizens the privilege to participate in the various levels of government.
