Political economy

In the first half of the twentieth century, the economic, political, ideological aspects all contributed to the skyrocketing and widespread imperialism, galvanizing developed countries to seek for more lands beyond the mainlands. However, the reasons are not isolated. The factor of economic pursuit, political ambitions, and ideological considerations were inter-connected, together strengthening the determination to expand territories. To begin with, the economic pursuit in the land overseas was…

investment on human capital. Education will provide better and more prepared workers. These workers will represent a good attractive for foreign investor to put their money on Lisavia. Foreign inversion is one the most powerful tool with which an economy can grow. As one last important suggestion, I would say that it is of high importance to guarantee those foreign investors an environment of security. It would be highly beneficial to eliminate all radicals groups that can be a threat to foreign…

Embargo is defined as a condition where one country decides not to trade with another. Political issues mostly trigger the influence of such a situation. In this scenario, the US government decided not to trade with the Britain in any way. The two countries could no longer import or export with the other. The result of such a condition was that an economic implication that was negatively affected the trade volumes between the two nations (Frankel, P.291-308). During this period, citizens…

living, job creation, increased wages and an improved economy. Trickle-down economics assumes that large corporations and the wealthiest Americans are the sole drivers of economic growth; their tax breaks and benefits should directly stimulate the economy. Unfortunately, in the post-Reagan era, we have not seen major economic growth through the theory of trickle-down economics. If tax cuts for the rich were the perfect solution to a declining economy…

opinion the Tokugawa shogun period provide the foundation for modern economic growth in and after the Meiji period despite that the Japan economy couldn’t growth as rapid as the European one. However, there are a historical debates about the modern economic growth in the Edo period. According to them, there was no economic growth during the Edo period and the economy itself was sluggish. At the governance of Tokugawa family there were a lot of changes which provide the foundation for modern…

Economic growth relates to the increased output within an economy. It can come from rural to industrial shifts, invention, innovation and technological progress; it requires savings and investment, along with a well-implemented policy framework and can be measured through the economies GDP. Haggard, (2004) suggested economic growth can result from productive inputs, capital and labour or from greater efficiency in their use. It can lead to economic development, which Michael Todaro (2011)…

Land is an important factor for nations as some wars have been for territory because the more land you control the more resources and power goes to the one that controls the land. The control of land has given countries power in trading which their economy relied upon for example China and their monopoly in silk making and this trade was one of history’s great monopolies that enriched…

The development of communication and new technologies, and the use of Internet have made huge economic and political transformations. People, banks and industries use the cyberspace to trade their capitals among national and regional economies. Moreover, economic integration and economic globalization have shrunk economic connections across the globe. Goods and Services can be easily trade among nations because there are several facilities of transportation, control, and payment. The increase…

manufacturing and education. The South’s inability to keep pace with the North when it came to industrialization was the main concern of Fred Bateman and Thomas Weiss’ 1981 book, A Deplorable Scarcity: The Failure of Industrialization in the Slave Economy. Drawing from census information gathered in the 1850s and 1860s, they attempt to reason an explanation via economic analysis for why the South fell behind the North in industrialization as well as many other qualitative measures such as…

deficit, and therefore overall wealth, by exporting more goods than they import. The time of exploration was all about countries conquering new lands to show their strength and power. The colonies of a country were the backbone of this self-sufficient economy. The idea of mercantilism was a driving force behind the desire to conquer new lands. New lands would provide a country with a wider variety of natural resources, therefore making it easier for a country produce all the…