Economic history

participation, infrastructure, education, public health, and sound economic management to persons living within designated borders. State capacity in Latin America and the Caribbean region has collectively increased as a result the region overcoming a long history of civil war, corrupt authoritarian rule, and economic stagnation. The region is mostly characterized by developing countries that have benefited from democratization and economic liberalization. However, the region still remains…

exchange rates, and sovereign monetary policy. The global economy has adopted several forms in recent history, however, these structures have been conducive to financial crises. The collapse of the Gold Standard, the Interwar Period, the collapse of the Bretton Woods system, and the 2007-2010 recession have all been crises that have shaped the international monetary structures. The misuse of economic fundamentals is the key reason for how and why financial crises occur. The Gold Standard…

political career, resulting in a shift of resources. British mines began to rapidly close during Margaret Thatchers political career in the 1980’s. Due to Thatcher’s ideology of monetarism and neo-liberalism, there was a decline in the Marxism system of economic and political thought. Under a conservative government, the revenue and productivity numbers were lacking. Resulting in the mines being closed, and the 1984 miners strike. These closures did not only affect the mining industry, but the…

I will discuss why economic growth happened in developed countries and didn’t in the rest of world based on 2 books, which I read. To discuss this, I will point out theory of these books, merit and demerit for our world today and how these can be related to discuss we had in a class room. To begin with, I will start with theories of Capital of Mystery. The author, Hernando De Soto, claims capital is the only way to make nations growth and 6 mysteries of capital. He explains about how to…

Free-Trade and Protectionisms Free-Trade is the most important part of the economic systems in the world, but it may also cause downfalls in the economy resulting in many job losses, as experienced in the United States. “Protectionism is the trade protection that is the deliberate attempt to limit imports or promote exports by putting up barriers to trade (Milner).” Economist have looked to different protections to counter the negative impacts that are the results from globalization and…

Understanding political economy is an important aspect to consider when looking analyze the connection between cities and government. Political economy is the use of the combination of political science, sociology, history and economic studies in order to understand how politics can control social and economic outcomes. Some of the classical sociologists that used this methodology to observe social change were the very controversial figure Karl Marx, Max Weber and Friedrich Engels. Although…

Abandoned Small Town: Toward a Critical Geography of Decline. The title must be Steacy’s best expression of his interpretation of the state of affairs in the small town of Sunbury, PA. Steacy elaborates in the heart of his thesis, “An indication of the economic change that has affected Sunbury is the large amount of abandoned industrial space woven into the town’s landscape.” (Steacy, 2011). Clearly, Steacy is writing about a place that has seen better days; a place where the economy has…

The history of China is stained with the consecutive ruling of dynasties that each had strong founding Emperors, collected tax, controlled population, developed the economy from previous years and brings the empire to a new peak in economic and commercial expansion never seen before. However, following the peak of the dynasty we see a significant decline in the ruling emperors, ceding powers to eunuchs, ministers and ruling female family members before the inevitable end and the repeating…

Globalization is a multi-faceted process of social and economic change that has come to encompass the entire world throughout the past. It is arguable that globalization started with the first expansions of human civilization and has been a development throughout history. The term, however, came only into widespread use since the 1990s. There are numerous definitions that cover different aspects of the process, but usually, all contain the transnational connections and exchange of culture, goods…

Ip articulates about globalist and nationalist ideology as the world has significantly divide throughout history. Globalist’s different strategies after World War II and its impact during its popularity as they advocate the benefits of globalization around the world. Nationalists were able to influence, when new issues arise, as a country’s identity is much important than other prominent economic issues. A link between immigration and unemployment is something people are worried about, due to…