International Accounting through the Political Development Theories

Snejana Basheva (), Rossen Petkov () and Atanaska Mindevska ()
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Snejana Basheva: University of National and World Economy, Sofia, Bulgaria
Rossen Petkov: City University of New York (Lehman College) Bronx, NY, USA
Atanaska Mindevska: Graduate Student at City University of New York (Brooklyn College) Brooklyn, NY, USA

Economic Alternatives, 2013, issue 1, 35-40

Abstract: In this paper, we analyze the growth of socio-economic inequality in the context of international accounting through the lenses of some key political theories. Specifically, we argue that international accounting has become a "globalization tool" used by many developed countries to further increase the socio-economic inequality across countries. As a key premise to this argument, we note that the universal acceptance of international accounting standards by developed and developing countries could be explained with the use of the development and modernization political theories. These two theories are used extensively to explain the growing inequality between developed and developing countries. With this premise and the explanatory power of these two theories, we could successfully argue that the social-economic inequality is further increased with the establishment of the international accounting.

Keywords: International accounting; development theory; modernization theory; inequality (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2013:i:1:p:35-40

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