This paper is mainly focused on the changes happen in social structure resulting from interaction between ‘the relations of production’. It also contains some example where developing countries social structure can be see related to land and economy productions.

Key words:

Third world or third world countries: they contains all of the developing and underdeveloped nations which are according to standard economic measures like GDP GNP etc.

Pre capitalist: in which capitalism has not yet been introduced; of or pertaining to a period before the introduction of capitalism.

Semi-feudalism: A political, economic, or social order resembling this medieval system.

In today’s world, politics and economics are inextricably interconnected, but what is the nature of this connectivity? What are the power relationships that shape the world economy today and create new challenges for international institutions facing globalization? What makes some countries wealthier than others? Do we face cultural diversity or fragmentation? Does the type of governance effect economic development and social change or is it the other way around? How do we measure it and how trustworthy is the data?

Political economy:

Political economy was the original term used for studying production and trade, and their relations with law, custom, and government, as well as with the distribution of national income and wealth. Political economy originated in moral philosophy. It was developed in the 18th century as the study of the economies of states, or polities, hence the term political economy.

Introduction:

Social interactions and relations with production:

The division of the world into a small group of rich nations and a large group of poor nations has been apparent to careful observation for a long time. The division of the poor nations between a very small groups of affluent persons and the vast majority of poor persons living continually on the brick of disaster is also apparent.

Men engage in producing or procuring goods and services in order to support themselves; however, the framework within which they engage in such activities is provided by the society and polity they live in. one particular way of viewing social organisation is to regard it as consisting of several classes which are in fundamental conflict in respect of the rules governing distribution of goods and services. Like example, in a slave society, the interests of masters and slaves are in obvious conflict in normal times. It can be argued that man’s unceasing quest for earning a livelihood, can be hampered or encouraged by a particular kind of social organisation. For example, those latter-day Hindus who believed that crossing the ocean was a sin were allowing a particular belief associated with a particular social organisation to fetter their search for better sources of the goods they valued. In fact, one way of viewing social change is to regard it as resulting from interaction between ‘the relations of production’, that is, the relation between classes of men, grouped according to their relationships to the mean of production, and the ‘forces of production’ which define the limits of man’s power over the forces of nature in a particular society in a particular epoch.