When analyzing the political situation, knowledge from courses in geography, international macroeconomics, psychology, history, jurisprudence and other sciences will be useful. This is due to the fact that a specific event on the world stage or within the country must be compared with something, taking into account the context. Then you can make objective judgments and make predictions.
Instructions
Step 1
Since politics is closely related to economics and finance, understand the meanings of basic economic terms. The country's balance of payments shows how foreign exchange reserves change over the period under review. This documents indicate the sources of foreign exchange and how it is used. The exchange rate shows how much one currency is worth in terms of another. The exchange rate fluctuations are influenced by: inflation relative to other countries, the demand for foreign currency for foreign trade, for investment in other countries, for creating emergency reserves.
Step 2
Understand the methodology of country analysis - this will help you make predictions about the future of a country. First, analyze past performance: balance of payments, exchange rates, GNP, inflation, employment, interest rates, income distribution, population growth, education, etc. Define the strategic goals of the country in financial matters. Study the context: country size, population, geography, type of government, leaders, stability and corruption, business, religion, agriculture; the role of family, culture, state, individualism; trade advantages and competitiveness in the international arena. Based on the information collected, make a forecast for the future. Make a scenario analysis - several forecast options in case of changes in certain indicators.
Step 3
Understand in terms of political strategy. The main goal of politicians at this level is to manage relations with external structures that also compete with each other. This is due to missed opportunities and numerous threats. When examining a specific political situation, make a list of potentially affected parties. For each of them, write down all the benefits and types of damage caused by the action of one of the participants. Also define the rights and obligations of each party in terms of international law or domestic law. Determine the relative strength of each player and identify a few that are most significant. Assess the consequences of their actions in the short and long term. Make possible plans of action for each participant in any of the alternative scenarios. Formulate a judgment about your assessment of the situation.
