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

During the 1990s, literature on the international political economy was dominated by the idea of globalization. ... Liberals argue that trade benefits everyone because it helps people concentrate on what they are best at (the formal version of this argument is the theory of ˜comparative advantage'). ... Comparative advantage (a state's most efficient production) varies from state to state (for example, Argentina may be better at beef farming than textiles). ... The internationalization of economic activity in Europe first took off in the fifteenth and sixteenth centuries, wit...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

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