Economic development

begins by revisiting Kenneth Pomeranz’s argument in The Great Divergence which attempts to answer the question about why industrial revolution did not occur in China in the Ming/Qing Dynasty. His studies were largely based on comparing the economic developments in China and Europe before the great divergence happened, in particular the Yangzi River Delta in China and the core regions of England. As Pomeranz (2000) put it, these two places were similar in technological levels, functioning…

impacted by the war are scrambling to find sanctuary. Majority of Syrian civilians lost their livelihoods and economic opportunities, due to the devastation of war and the resulting destruction. This…

Tourism, according to United Nation World Tourism Organization (Tourism Glossary, 2014), is “a social, cultural and economic phenomenon which entails the movement of people to countries or places outside their usual environment for personal or business/professional purposes. These people are called visitors (which may be either tourists or excursionists; residents or nonresidents) and tourism has to do with their activities, some of which involve tourism expenditure.” The first thing that needs…

Its objectives search for the economic viability of the projects that have an ecological impact over the energetic production and for the development and diffusion of knowledge that include social considerations (Fundación CENER-CIEMAT “Qué es CENER”). Then, CENER takes the sustainable triple bottom line into consideration within the objectives…

The stock market has always been known as the "barometer" of the national economic growth and development, played price discovery, resource allocation of investments and other important roles in the modern economic market. With the expansion of the scale of stock markets, the impact of stock markets on economy is becoming more and more important, and the expansion or contraction of the stock prices have become an important cause of the macroeconomic fluctuations. In addition, the government…

Adam Smith, The Results of Colonization; Critique The article written by Adam Smith pertaining to the results of colonization in 1776 is one which stretches the importance of the advancement and development on economic matters such as trade and commerce in Europe. This article does a thorough job in addressing the advantages as well as the disadvantages of the discovery of America by Europe. One major advantage being, the augmentation of its industry which would help push capitalism and…

Globalization, as defined by the dictionary, is the act of worldwide integration and development. It can affect the economy, the culture, the people, and the political systems. This can lead to positive aspects reaching all parts of the globe, as well as leading to some individual cultural identity losses. Technological advancement has made globalization an increasing world phenomenon and reaching all parts of the globe at a much higher pace than before. Brazil is a country that is facing…

take the report and make recommendations for a more efficient use of construction materials. The City Planners might pick up the report and integrate the request for higher density housing. Our Economic Development team might have already completed a report on what exactly is affordable. A development team focused on structural functionalism would create these links with internal and external organizations, as well as local entrepreneurs. The result would be a single united front, with the…

Brain Drain (Migration) Brain drain, also referred to as human capital flight is the action of having highly skilled and educated people migrating to highly rich and developed countries of the world due to insufficient facilities, conflict issues, political instability and lack of opportunities has become one of the developing country’s concerns. More and more educated people are heading for more prosperous countries seeking higher wages and better working conditions. This without a doubt has…

According to the works of Richard Cantillon and Adam Smith in the 17th and early 18th century, innovation holds an important position in capitalism. In a market economy the basic economic problem (what to produce, how to produce, and for whom to produce) is solved by entrepreneurs on a trial-and-error basis. An entrepreneur is a person who pays known costs of production to exploit opportunities in order to maximize financial returns. Thus, entrepreneurship is associated with innovation: a really…