The WB was created by the Bretton Woods Conference and evolved by adding additional institutions as additional tasks were identified. The initial objective of the WB was to provide loans for the rebuilding of Europe after WWII, later lending is provided to developing countries to foster developm...
In the United Kingdom, new communications systems are in many ways more advanced than those in the United States, owing to the UK's history (at least until the recent passage of the telecom reform bill in the US) of less restrictive regulations. ... China, while soaking up new technology like a sponge, is also attempting to control the flow of content over the Internet (having already experienced the world's first "revolution by fax" with the Tiananmen Square protests of 1989, in which authorities were unable to censor dissidents' fax communications). ...
The Industrial Revolution The Industrial Revolution It has, been variously called the "Western Miracle" (Rosenberg and Birdzell 42) and the "European Miracle," (Jones) but it is commonly known as the Industrial Revolution. Subsequent to the Middle Ages, populations in Western Europe began developing technology that enhanced their ability to generate products and which led to significantly higher standards of living than populations elsewhere on the planet. It should be noted that this does not suggest that the quality of life was better for the Europeans, only that even the poorest Eur...
During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. Whether or not such developments are good or bad is a topic of ongoing political debate. Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standar...
