...of productivity. The evidence show that during 1970s and 1980s there were of structural changes in economic activities where developing countries enters the global markets. In his preface, Giplin (2001; xi) point out that “…important step toward the creation of a truly global economy, since the mid-1980s the world has also witnessed the extraordinary growth of economic regionalism as a countermovement to economic globalization.” Similarly, Magdoff (1992; 50) state that “In fact, capital exports have helped shape the evolving global economy ever since the end of the Second World War”. Moreover, Glyn and Sutcliffe (1992; 79) point out that “…left the world economy leaderless in the 1970s and 1980s with increasingly open economies disciplined by market forces, but without a unique center of gravity.” This implies that global economies forces t To provide a well-structured discussion, this essay will begin by briefly introducing into how neo-liberalism in the mainstream of development thinking greatly achieve its victory of defence mechanism for a new wave of market orientation intervention, before discussing the structural changes. It will then provide explanation on how these structural changes resulted to globalisation. It will also examine the economic policy making implication of the state in general. It will then conclude by looking at the practical outcome experience by the developing...
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...The Industrial Revolution began in the second half of 18th century and had an everlasting effect on Europe, and the rest of the world. It caused major changes in agriculture, manufacturing, mining, transport and technology. Eventually, socioeconomic and cultural conditions began to change in Britain, which then spread throughout Europe, then eventually the world. These changes made Europe and the rest of the world more modern. Proof of this can be seen in more efficient trade & transport and mass production that were a product of Industrial Revolution. This essay will seek to demonstrate the most significant effect these two components had on modernity and how they shaped Europe, and the rest of the world. The time period covered by the Industrial Revolution varies according to Historians, but according to Eric Hobsbawm, it started in Britain in the 1780s and fulfilled its potential in the 1830s or 1840. Some important effects of these two components comprise of, but are not limited to include: technological and chemical innovations, improved trade, transportation and increase in wealth etc. Almost all aspects of daily life were influenced in some way by the Industrial Revolution; hence it marks a major turning point in human history. Industrial Revolution was an achievement of sustained economic growth that began the industrialization of the European economy. Growth did not reach a plateau in Britain as it did in other countries in Europe. Depressions and recessions...
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...start of what is now known today as the industrial revolution. This revolution allowed for more efficient agriculture production, job opportunities in factories, and more. Industrialization led to a stronger economy in the countries that were part of this movement, allowing these countries to gain strength and momentum. The major responses to industrialization were successful to the fullest extent because of the results of industrialization in Europe, Americas, and Africa. Industrialization started in Great Britain, making Europe one of, if not the most powerful, imperialist powers. Europe’s responses were consistently successful in a number of ways. One being the accumulation of traded goods....
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...In the south, the Reconstruction Period was a time of readjustment. Southern whites wanted to keep African Americans as slaves and they rejected social equality. African Americans wanted their full freedom and land of their own. There were constant hindrances such as race riots and acts of violence against African Americans. There were two senses during the Reconstruction Era: the first covers the complete history of the entire U.S. from 1865 to 1877 following the Civil War; the second sense focuses on the transformation of the Southern United States from 1863 to 1877 as directed by the President with the reconstruction of state and society. Reconstruction was an era in the United States history after the Civil War, in which federal government set the conditions that would allow rebellious southern states back in the union. The ultimate goal of reconstruction was to readmit the south in ways that was acceptable to the North. This meant full political and civil equality for blacks and denial for the political rights of whites. 1865-1877 in the U.S. history, was a period of readjustment following the civil war. The defeated south was ruined, physical destruction brought upon by the invading union forces were great, and the old social economic order founded on slavery had collapsed with nothing to replace it. There were 11 confederate states that needed to be restored to their positions in the union. Radical Republican leaders argued that slavery and the slave power had to be...
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...Economics The U.S. has the largest and most technologically advanced economy in the world. It mainly consists of the industrial and service sectors. The main industries include petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber and mining. Agricultural production, though only a small part of the economy, includes: wheat, corn, other grains, fruits, vegetables, cotton, beef, pork, poultry, dairy products, fish and forest products. Geography The U.S. borders both the North Atlantic and North Pacific Oceans and is bordered by Canada and Mexico. It is the third largest country in the world by area and has a varied topography. The eastern regions consist of hills and low mountains while the central interior is a vast plain (called the Great Plains region) and the west has high rugged mountain ranges (some of which are volcanic in the Pacific Northwest). Alaska also features rugged mountains as well as river valleys. Hawaii's landscape varies but is dominated by volcanic topography Political three defining characteristics of the U.S. political system - U.S. politics are shaped by two major political parties: Democrats and Republicans. - Citizens have competing interests that differ based on their different backgrounds—the types of jobs they have, their race or age, whether they have children, etc. - Politics are also shaped by special interest groups, lobbyists, and the media. The...
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...MODERN LATIN AMERICA ESSAY 1 Question: Despite most of the Latin American countries achieving political independence in the early 19th century, not one of them was able to achieve first world status over the next one hundred years. Why was this so? Concentrate on one country in your analysis. Latin America is the vast continent with three distinctive regions of Central America, South America and the Caribbean coast, and is composed of 33 republic countries varying in terms of population size from over 19 million Brazilians to 11 thousand citizens of Grenada. The ethnic make-up of modern Latin America comprises a variety of racial and ethnic groups such as Europe, Africa, Asia and American-Indians, all of whose root is based in 4 different continents. The notable physical geography is the range of Andes Mountains that are long narrow backbone of the continent from Venezuela through Colombia, Ecuador, Peru, Bolivia and on into Chile, and cut off the east coastline and the west inland areas. The other features are the Amazon and rivers, huge tropical rain forest, and lastly, an abundance of natural resources as well as vast hectares of farmland. These geography features are an important factor that hampered economic growth due to difficulties in public transit and transportation between regions, hindrance of social and political unity, and therefore, unable to achieve a formation of large unitary state, like North America, that led to separation into large and small 30 countries...
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...changing world. Furthermore, he encouraged technological processes to help give people further control over their environments, arguing that technological progress would eventually spur social progress. In addition to social structure and the evolution of societies, the French sociologist Émile Durkheim developed the concept of functionalism, which stresses the interdependence of the institutions of a society and their interaction in maintaining cultural and social unity. His most famous work is The Division of Labour in Society, which described how social order was to be maintained in a society and how primitive societies might make the transition to more economically advanced industrial societies. Durkheim suggested that in a capitalist society, with a complex division of labour, economic regulation would be needed to maintain order. He stressed that the major transition from a primitive social order to a more advanced industrial society could...
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...The Ethics of Design The industrial revolution was a period between 18th and 19th centuries in which the world transitioned from a more natural environment, to heavy industry and infrastructure. During the industrial revolution, rural societies in Europe and America became industrial and urban through advancements in technology and manufacturing processes. Growth in industrialism in combination with an anthropocentric world view, brought with it a lack of sentiment for the environment, health risks, and resource depletion. Naturally, as ideologies have shifted to a more basic biocentric point of view, people have sought out to replace the design and production methods of industrial environmentally hurtful materials with more sustainable methods. Among these people are William McDonough, and American architect, and Michael Braungart, a German chemist. Based on the idea that nature is a designer and that human industrial structure works in contrast to the natural environment, McDonough and Braungart have pioneered “cradle to cradle” design which attempts to imitate nature’s structural design that produces without pollution. Additionally, David R. Keller and E. Charles Brummer, professors and directors of studies, have developed postmechanistic agricultural ideas to humane and environmentally conscious food production. To offer a greater philosophical view, Aldo Leopold’s, “The Land Ethic” reorients ethics to view human beings as members of a much larger biotic community...
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...Reconstruction: The Post War Era Lindsay Pone Professor Goldstein History 105 Strayer University 01/30/2013 Reconstruction: The Post Civil War Era Friday April 12, 1861, America embarked into war with its biggest adversary; America! The American Civil War broke out, and what was believed to be a quick battle by the North, turned out to be a long bloody four years and left the country devastated. President Abraham Lincoln, the 16th president of the United States, successfully lead this country through its greatest constitutional, military and moral crisis. Everything he did was in the best interest in preserving this nation to what it is today. If President Lincoln task of preserving the union would have failed, our nation would be a split nation today. All the events of the Civil War are what truly shaped the face of America today. The President knew that if he wanted to preserve this nation as a whole, not only would he have to win the war, but he would have to have a plan in place to immediately fix the nation to help it move forward from war. During his time in the white house and towards the end of the war, when it was evident the North would prevail, he worked on a reconstruction plan to get the South up and moving. During the war, the northern armies had gone through the South destroying everything that would help the south to prevail in the war. The agricultural belt that was the strength of the was nothing more than ashes as...
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...Businesses only act in an ethical way because it looks good rather than because it is the right thing to do. To what extent do you agree with this statement? (40 Marks) Businesses are differentiated in several ways but one way that really separates businesses are the ethics of the company. Ethics are the standards of right and wrong behaviour from the company, this is difficult for a business as they all have different ethics and to what extent how ethical they are and should be, if they even want to be ethical? I will now look at businesses that have different ethics and how this has affected their running of the business, also evaluating why they chose to be so ethical. One company that do not publicise their ethical culture is Ben and Jerry’s, the ice cream giant with their elaborate and quirky flavours which they have become iconic for started a revolution by becoming the first ever company to become ‘fair trade’ with Vanilla Ice Cream in 2006 and have declared all European products by 2011 will be and by the end of 2013 the rest of the worlds production. This basically meant everyone involved in the process of creating the ice cream including the labour such as farmers who extracted the raw materials to produce their goods such as cocoa beans were paid at a good rate which would’ve increased their costs but not significantly. The reason costs didn’t rise significantly was mainly due to the company expanding allowing them to exploit economies of scale by bulk-buying their...
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...model providing a holistic picture of a process involving a network of interrelationships. 2. a) b) c) Paradigm thinking is necessary to avoid dealing with isolated factors of development help analyzing cause and effect of phenomena identify urgent action 3. Economic growth is not a sufficient condition of development, because a) it does not help poverty reduction b) a country must also have an educated workforce c) there are several other aspects of development 4. a) b) c) Economic growth is pivotal, because it is easier to achieve than the other aspects of development it has a symbiotic link with the other aspects of development it helps generate savings for investment 5. a) b) c) GDP is not a sufficient indicator of development because, some economic activities are left out of the calculation large countries have bigger GDP it does not reflect how income is distributed 6. a) b) c) GDP per capita is a useful indicator because, it helps inter country comparison of living standards it helps to understand what each individual earns in a country it is a better indicator than total GDP 7. a) b) c) To make GDP per capita internationally comparable, they must be calculated in US$ they should be calculated in the strongest international currency they can be calculated in any currency adjusted for purchasing power in different countries. 8. a) b) c) The Lorenz curve is a good indicator of development since it tells...
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...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 or conspicuous real world failures, become apparent. These feed into new theoretical or empirical paradigms....
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...Susan Edson 1 THE INDUSTRIAL REVOLUTION Escrito por: Susan Edson Dirigido por: D. Juan Carlos Palmer Trabajo presentado para la obtención del Titulo Universitario Senior Universitat Jaume I Castellón, mayo 2005 2 Indice: I. General Concept………………………………..…… 4 1. First industrial revolution 2. Second industrial revolution 3. Modernization II. Europe……………………………………………….. 9 1. England 2. Scotland 3. Rest of Europe III. U.S.A………………………………………………... 17 1. The growth of U.S. industry. 2.Organization of industrial relations. 3.Agriculture. IV. Developments and innovations……………………… 24 1. Colonialism 2. Apprenticeship 3. Science and technology 4. Machine tools 5. Textiles 6. Steam engines 7. Locomotives and Steamboats 8. The Electric Telegraph 9. Architecture 10. Rubber 11. Lighting 12. Time V. Conclusions………………………………………... 42 VI. Bibliography………………………………………… 44 3 I. General Concept 1. The First Industrial Revolution Between 1760 and 1830 the Industrial Revolution was mainly confined to Britain. Being aware of its head start on other countries, Britain forbade the export of machinery, skilled workers and manufacturing techniques. This could not last, as many Britons saw profitable industrial opportunities abroad and continental European businessmen were keen to lure British know-how to their countries. Belgium became the first country in continental Europe to be transformed economically, having machine shops ...
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...“Fewer people could make more environmental damage than many people. The key lay not in numbers but in ..how much each person chooses to consume” this is a quote from the population reference bureau, who, amongst others, hold the view that overconsumption is a larger threat to the world than over population. Overpopulation has long been seen as a hindrance to world development, in 2014 the world population is currently 7 billion, there is no doubt that the world has experienced a mass rise in population. Most of this increase has occurred in the developing world, the world population rises by approximately 83 people annual and 99% of this increase happens in the less developed regions of Africa, Asia, Latin America and the Caribbean. For example, Africa’s population, despite the AIDS epidemic has tripled to 926 million from 1960 to 2005, whilst Asia’s population doubled to 3.9BN in this period. Six countries account for half of this total increase in world population; these are; India, China, Pakistan, Nigeria, Bangladesh and Indonesia. Contrasting to this the population of the developed world has actually fallen. The United Nations predict that by 2050, the world’s population will reach 9.2 billion, the population of less economically developed countries is expected to rise from 4.9BN (2001) to 8.2BN (2050). Thomas Malthus (1766-1843) argued that populations increase in size at a much faster rate than the ability of those same populations to feed themselves. He concludes that...
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...The Weak of the BRIC: Currency Depreciation in Russia and Brazil ◎D0131160 Irina Chen ◎D0131187 Gloria Chang ◎D0173297 Sunny Chiu ◎D0173270 Doris Chen ◎D0173670 Athena Du Contents Abstract ..................................................................................... 2 Brazil ......................................................................................... 3 Why Brazil become the BRIC ................................................... 3 What was behind Brazil’s Depreciation? ................................. 8 Russia ...................................................................................... 13 Why Russia become the BRIC?.............................................. 13 What was behind the Ruble depreciation? ........................... 19 Comparison and Similarities between Russia and Brazil ....... 24 In the Future ........................................................................... 25 The Future of Brazil ............................................................... 25 The future of Russia .............................................................. 25 Conclusion ............................................................................... 26 Contributor ............................................................................. 27 Reference ................................................................................ 27 1 Abstract The BRIC is the acronym of four nations, including Brazil, Russia, India and China...
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