Following the Industrial Revolution and the Second World War, technological progress has continued to grow at an even greater speed. ... In addition to, "the enhancement of telecommunications," and for that matter all technological advancements in the past century, "ha[ve] created the material infrastructure needed for the formation of a global economy, in a movement similar to that which lay behind the construction of the railways and the formation of national markets during the nineteenth century" (Thrift, 31). ... A global economy and ease of transportation has also made it possible to ta...

• Word Count: 1722
• Approx Pages: 7
• Grade Level: Undergraduate

Most of the world's productive capacities were in Asia and India up until the industrial revolution, according to Frank. ... Frank revolves his entire book around the idea that Europeans were only able to usurp power and influence by controlling the money supply from South America, the labor supply from Africa and the productive capacity of Asia. The high ratio of labor to land and high productivity rates meant that Asian countries did not have the need to mechanize resulting in a "High Level Equilibrium trap" that enabled Europeans to take advantage of the vast industries in Asia. ......

• Word Count: 1370
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

The "technological retardist" theories are strongest in considering the erosion of "King Cotton` s" pre eminence, due in part to America` s competition and, the critics suggest, the British cotton manager` s lack of judgement. ... Years United Kingdom Germany France U.S.A 1890 3,579 2,195 670 4,275 1896 4,133 4,745 1,160 5,282 1900 4,901 6,260 1,540 10,188 Steel Production (In thousands of tons) (3) The table graphically illustrates that although Britain was overtaken by her main competitors, she was still increasing her production of steel during these years. ... However, even...

• Word Count: 3250
• Approx Pages: 13
• Grade Level: Undergraduate

However, it was realized during the early 1990's that the transition to market economies and democracies was laborious thus causing declines in production and inflation in the region. ... During the same period, China underwent several transformations, which included opening up the economy to the west and increasing foreign investment. ... The side effects of western influences in the market caused society to seek changes in the political system leading to the cultural- revolution. ... Countries in Africa and Latin America chose to end many of their planned socialism projects and focus...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate