...prerequisites allowed the industrial revolution to begin in Britain? Somewhere between 1740 and 1780, Britain experienced a series of rapid economic and social changes. This was to be the beginning of the Industrial revolution. Whilst this revolution would spread to other major countries around the world, it is undeniable that it all started off in Britain. There are many reasons for this, and it is important to note that there was nothing particularly unique about Britain in comparison with the rest of Europe, it was simply a combination of factors came together at the right time for Britain and allowed it to gain a head start in its own industrial revolution. One of the reasons why Britain’s industrial revolution began first actually has a large element of luck involved. Britain was very fortunate in that it had a large amount of natural resources, especially coal, that could be mined. This meant that Britain did not have to rely on foreign trade in order to manufacture their own goods, they could simply mine it for themselves. Iron was another natural resource that Britain was lucky to have in abundance. Both coal and iron would prove to be crucial in the construction of railways, which were vital for transporting resources, goods and people around the country at a much faster rate than had previously been possible. Coal and iron would also be required to build and, subsequently, fuel the factory machines that would manufacture all of Britain’s industrial goods. So we can see...
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...Year 2012/11 Module Title: Entrepreneurship and Business p11440 Module convenor: Maris Farquharson Essay title: Discuss the relationship between entrepreneurship, innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion. Word Count: 1959 Submitted: 27/11/2012 Student: Pan Yanhao Student ID: 6508745 Recent years the popularity of entrepreneurship education is growing worldwide (Gormon & Hanlon & King, 1997). In the United Kingdom more students are being taught in classes to accumulate entrepreneurial skills in their own field to make considerable achievement (Department for Culture, Media and Sport (DCMS), 2006). In addition, the government in some countries also give emphasises on the entrepreneurship and build specific plans about the improvement of entrepreneurial skills (Lumsdaine and Binks, 2007). The reason why entrepreneurship becomes more prevalent is that entrepreneurship and its vital part which is innovation are regarded as crucial components in the process of economic development (Baumol, 1968). This essay will demonstrate the relationship between entrepreneurship, innovation and economic development and illustrate the role of creativity and problem solving in this complex relationship. Section one will describe that innovation is the core of entrepreneurship and entrepreneurship will also enhance the development...
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...The Diamond of Sustainable Growth A Historical Framework for the study of political economy and economic development George David Smith, Richard Sylla, Robert E. Wright( NYU Stern School of Business For most of its existence, humanity neither enjoyed nor understood economic growth, or society’s capacity for creating wealth. Prior to the 18th century, the aggregate incomes of particular societies may have increased a little for short periods in a few places, but most of the time incomes hovered not far above the subsistence level. Powerful leaders and ruling classes could accumulate vast wealth, but this was normally achieved through the redistribution of incomes from the weak to the powerful, and certainly not through the creation of wealth as we know it today. Going back centuries, to paraphrase the 17th-century English philosopher Thomas Hobbes, human life was solitary, poor, nasty, brutish and short. Peace and good weather were more likely to summon forth children more than prosperity. Whenever war, pestilence, and drought returned -- and they always did -- people died in droves. To many observers, humanity appeared doomed to spend eternity wet, cold, hungry, and grief-stricken. In the late 18th century, the English proto-economist Thomas Robert Malthus warned that the mass of humanity, quite aside from the foregoing perils, was doomed to a life at the margins of starvation, as surges of population growth would inevitably outstrip the finite sources...
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...DEPARTMENT OF AGRICULTURAL AND RESOURCE ECONOMICS AND POLICY DIVISION OF AGRICULTURAL AND NATURAL RESOURCES UNIVERSITY OF CALIFORNIA AT BERKELEY Working Paper No. 887 FALLACIES IN DEVELOPMENT THEORY AND THEIR IMPLICATIONS FOR POLICY by Irma Adelman Copyright © 1999 by Irma Adelman. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. California Agricultural Experiment Station Giannini Foundation of Agricultural Economics May, 1999 FALLACIES IN DEVELOPMENT THEORY AND THEIR IMPLICATIONS FOR POLICY. by Irma Adelman I. Introduction No area of economics has experienced as many abrupt changes in leading paradigm during the post Word War II era as has economic development. Since economic development is a policy science, the twists and turns in development economics have had profound implications for development policy. Specifically, the dominant development model has determined policy prescriptions concerning the desirable: role of government in the economy; its degree of interventionism; the form interventionism; and the nature of government-market interactions. Changes in both theory and policy prescriptions arise mainly from the following five sources: First, there is learning. As our empirical and theoretical knowledge-base enlarges, new theoretical propositions, or new evidence concerning either resounding real-world successes...
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...Burma and Pakistan. It is the world's seventh largest country and second only to China in terms of population. India has long been a country plagued with poverty, but is now building itself and its economy. It is accomplishing this with new entries into the world market and a different outlook on economics. The future of India is uncertain for the moment, but the opportunity for growth and prosperity is most assuredly present. It will take time for India to emerge as a nation free from its problems, but is plausible with international trade. India’s Culture and Its Economic Implications India is certainly a country that is rich in history and culture. India acquired its independence from Britain on August 15th in 1947. Unlike the American and French revolutions, the Indian revolution was one of peace and temperament. The diversity that now exists within the borders of India is evident in the colorful mix of languages, ethnicity, and religious beliefs. As a throwback to the era of British rule, English is most important language for national, political, and commercial communication. However, Hindi is the national language and primary tongue of 30% of people. There is also a blend of several other languages that are spoken throughout India such as Bengali, Telugu, Marathi, Tamil, Urdu, Gujarati, Malayalam, Kannada, Oriya, Punjabi, Assamese, Kashmiri, Sindhi, Sanskrit, and Hindustani. India has benefited from the rule of the British before the 1950’s. English has become...
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...Financial Markets, Insurance and Entrepreneurship in the countries of the Middle East and North Africa (MENA) region Draft not to be cited February 27, 2013 1. Introduction The goal of the paper is to focus on the countries of the Middle East and North Africa (MENA) region and particularly those of the of the South of the Mediterranean, and examine the relationship between insurance – defined as the capability of covering the cost of future harmful events-and entrepreneurship broadly defined as the capability to start independent businesses activities and possibly introduce new combinations of productive factors. The analysis is based on the distinction between uncertainty and risk that Knight unveiled (Knight, 2012) arguing that risk involves situations where a decision maker face unknown outcomes but known ex-ante probability distributions, while uncertainty is characterized by situations in which the probability distribution of a random outcome is unknown. Consequently, while risk can be covered by insurance, uncertainty normally is not. The other pillar of this research is the role of entrepreneurship; a factor that the economic literature has not considered for long time and that in the last 20 years has become the center of any strategy for economic growth in emerging and advanced economies. The discovery of the role of entrepreneurs dates back to Schumpeter (Schumpeter, 1982a) who regards entrepreneurs as the engine of economic growth. Schumpeter (Schumpeter...
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...A Research Paper On Why Capitalism Succeeded In Generating An Industrial Revolution In Other Countries But Failed In The Philippines Submitted by Manuel Ortega Abis Student No. 11-71-003, BPA Special Program Batch 8-A CAPA, Universidad de Manila Professor Ronaldo J. Navata PREFACE The research materials and references used in this research paper were managed to be gathered through unlimited internet hours and limited library hours, but the pages on the web and the pages of the book offered equal enlightenment and enjoyment. The premises and conclusions built and reached in this paper are products of the researcher’s serious analysis of the Philippine economic situation. The researcher, however, is praying that his objectivity and the sincerity of his language shall not fail him in his own humble attempt to bring this mini-thesis to its just and proper course and closure. The twin causes formulated in this paper are generally subdivided into two: the concept of economic will (policy system of governance) and the concept of economic ownership (property system of the governed). Further reading is advised on critical and related topics of this paper. For the economy, these words: there is no such thing as the co-existence of freedom and equality. God bless the Philippines! ______________________________________________________________________________ ...
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...ECONOMIC GEOGRAPHY Y U K O A O YA M A J A M E S T. M U R P H Y SUSAN HANSON KEY CONCEPTS IN key concepts in economic geography The Key Concepts in Human Geography series is intended to provide a set of companion texts for the core fields of the discipline. To date, students and academics have been relatively poorly served with regards to detailed discussions of the key concepts that geographers use to think about and understand the world. Dictionary entries are usually terse and restricted in their depth of explanation. Student textbooks tend to provide broad overviews of particular topics or the philosophy of Human Geography, but rarely provide a detailed overview of particular concepts, their premises, development over time and empirical use. Research monographs most often focus on particular issues and a limited number of concepts at a very advanced level, so do not offer an expansive and accessible overview of the variety of concepts in use within a subdiscipline. The Key Concepts in Human Geography series seeks to fill this gap, providing detailed description and discussion of the concepts that are at the heart of theoretical and empirical research in contemporary Human Geography. Each book consists of an introductory chapter that outlines the major conceptual developments over time along with approximately twenty-five entries on the core concepts that constitute the theoretical toolkit of geographers working within a specific subdiscipline. Each entry provides...
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...Karachi school for business and leadership | Financial Institutions (Banks) & Industrial Development in Germany, Russia & India | Global and South Asian Business Development | Dr. Imran Ali | | 3/24/2014 | Salik Chaturbhai M2130024 Taimour Abdullah M2130017 Zeeshan Jessani M2130034 Salik Chaturbhai M2130024 Taimour Abdullah M2130017 Zeeshan Jessani M2130034 Contents Introduction 2 Review of Literature 3 Looking at the Past: Industrialization and Financial Institutions 8 Germany 8 Deutsche Bank, Germany 10 Russia 13 Sberbank, Russia 16 India 17 The State Bank of India 18 Major Themes: Comparison & Contrast 24 The debate between Capitalist and Communist Industrialization 25 Fiscal and Industrialization policy 27 Mission Statement and goals 30 The Banking Sector 31 Target Markets 32 Colonized Industrialization or De-industrialization 34 Conclusion 37 Appendix 1 39 Appendix 2 40 Work Cited 42 Introduction Mankind as a whole and the world as has been observed in the past has undergone much change in all aspects of human life. The concept of economic development in light of increasing industrial growth, free labour, the growth of private property as an institution and the development of the international trade as a concept have changed the way humans and hence nations interact and intervene in the world economic system. These gradual yet drastic changes in the structure of human interactions led to a wave...
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...Genghis Khan, first known as Temujin, was the son of a leader of a Mongolian tribe. He was brought up in a time of warring tribes and factions. Genghis Khan was a fierce and brilliant military commander, who achieved unprecedented success in setting Ghengis Khanup an Empire which stretched across Europe and Asia. His Mongol armies left a trail of fear, death and destruction. But, he also created a vibrant empire with a common language, booming trade, tolerance of religion and some basic customs and laws( Pettinger., 2010). Arguably the most famous Asian of the last 2,000 years, Genghis Khan created an empire that was more than twice the size of any other conqueror's in history, and that endured for more than a century and a half after his death. Almost everything we know about him came from the descendants of people he conquered, and they have seen him as merely one of many bloodthirsty savages -- such as Attila the Hun and Tamerlane -- who periodically erupted from the steppes like some evil force of nature to ravage the superior civilizations around them(Weatherford, 2000). Although Genghis Khan was a great conqueror, he never stopped becoming open to new cultures and he was very open to learn from the technologies, practices and even religions of the different territories he conquered. A great leader never stops learning and it is the key to your success too. You must be humble enough to realize that you can learn from anyone, anywhere no matter how far you have come as...
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...and learning experiences from other courses become entrepreneurial graduates capable of impacting on their environment while being globally competitive. Ideally, entrepreneurship education should be an off shoot of all disciplines. The primary discipline should provide skills capable of generating goods and services that would be demanded and create income. This education will thus help students to utilize learned skills to generate self employment thereby reducing the population of our graduate seeking jobs to the barest minimum. This will also reduce the level of unemployment nationally. The materials in the book are contributed by scholars from different intellectual backgrounds to produce a rich and highly stimulating compilation. The book gives a vivid background of the history of entrepreneurship from the rudimentary to the modern age. It provides ideas on principles and skills involved in sustaining entrepreneurship, potentials of businesses and entrepreneurs, types of enterprises and contributions of entreprenures to local, national and global economy. 2.0 Course description The concept and scope of entrepreneurship; the nature and forms of business ownership in entreneurship; entreneurship in Nigeria: an overview; mega-entrepreneurs: a prosopographical historical study of nigerian entrepreneurship, 1850-2000; transnational corporations and...
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...This page intentionally left blank Entrepreneurship Second Edition William Bygrave Babson College Andrew Zacharakis Babson College John Wiley & Sons, Inc. To Frederic C. Hamilton and John H. Muller, Jr., pioneers, entrepreneurs, and benefactors of Babson College. VICE PRESIDENT AND PUBLISHER EDITOR EDITORIAL ASSISTANT MARKETING MANAGER PHOTO EDITOR DESIGNER PRODUCTION MANAGER SENIOR PRODUCTION EDITOR GEORGE HOFFMAN LISE JOHNSON SARAH VERNON KAROLINA ZARYCHTA HILARY NEWMAN RDC PUBLISHING GROUP SDN BHD JANIS SOO JOYCE POH Cover image © panorios/iStockphoto This book was set in 10.5/12pt Adobe Garamond by Laserwords Private Limited and printed and bound by RR Donnelley. The cover was printed by RR Donnelley. This book is printed on acid free paper. Founded in 1807, John Wiley & Sons, Inc. has been a valued source of knowledge and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Our company is built on a foundation of principles that include responsibility to the communities we serve and where we live and work. In 2008, we launched a Corporate Citizenship Initiative, a global effort to address the environmental, social, economic, and ethical challenges we face in our business. Among the issues we are addressing are carbon impact, paper specifications and procurement, ethical conduct within our business and among our vendors, and community and charitable support....
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...Corporate Political Strategies June 24, 2011 Abstract Whether or not corporations should have political strategies is debatable by many strategists, corporations, and political interest groups. There are advantages and disadvantages to this issue, so to decide one has to weigh the advantages against the dis-advantages. In my opinion, corporations should consider political strategies as an essential part of their business tools. The actual and potential impact that governments have on corporations is incentive enough for them to keep informed of the different governmental, social, public, and economic issues, regulations, policies, forums, tactics, and processes that will affect them now or in the future (Hillman, Zardkooh, & Bierman, 1999). Corporate Political Strategies Corporate political strategies are strategies used by corporations to influence public policy, hopefully in a favorable way. There strategic aims are to further specific interests by getting governmental officials to listen to and act in accordance with the preferences of the corporations. There is a very slim chance of finding any business today that has not been affected by the government in one way or another, even those with the best competitive strategies, abundance of resources, and/or superior products and services. Therefore implementing effective political strategies help corporations in obtaining and maintaining advantages against their competitors and to also achieve and maintain higher...
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...“Nature’s wealth” Expo 2010 Shanghai China – “Better city better life” IV Conclusion • An overview of the technological rather than commercial meaning of World Exhibitions and future trends V Literature 2 Technological development and Globalization Technological innovation is, without doubt, the major force for change in modern Society - a force of knowledge (Betz, 2011). Technology and organization development have always been focusing on finding relevant connections between social, historical and technological achievements within one specific period of time, therefore specific technological findings have marked and even named entire periods in human evolution: from the stone age, through iron age and all the way till industrial revolution period which also has several subcategories in relation to actual technological progress, or other major subcategories such as Mass production era, Mass marketing age, Postindustrial age after the Second World War which brought fast pace changes in the conception of technology management and competitiveness. Man lies in the centre of all technology development, thus creating a specific...
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...French Revolution From Wikipedia, the free encyclopedia For other uses, see French Revolution (disambiguation). Page semi-protected French Revolution Anonymous - Prise de la Bastille.jpg Storming of the Bastille, 14 July 1789. Date 1789–1799 Location France Participants French society Outcome Abolition of the French monarchy Establishment of a secular and democratic republic that became increasingly authoritarian and militaristic Radical social change based on liberalism and other Enlightenment principles Rise of Napoleon Bonaparte Armed conflicts with other European countries Part of a series on the History of France National EmblemNational EmblemNational Emblem Prehistory[show] Ancient[show] Early Middle Ages[show] Middle Ages[show] Early modern[show] 19th century[show] 20th century[show] Portal icon France portal v t e The French Revolution (French: Révolution française) was an influential period of social and political upheaval in France that lasted from 1789 until 1799. Inspired by liberal and radical ideas, the Revolution profoundly altered the course of modern history, triggering the global decline of theocracies and absolute monarchies while replacing them with republics and democracies. Through the Revolutionary Wars, it unleashed a wave of global conflicts that extended from the Caribbean to the Middle East. Historians widely regard the Revolution as one of the most important events in human history.[1] The causes of the French Revolution...
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