Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
One of the most peculiar but significant changes to the global economic and political landscapes of the nineteenth and early twentieth centuries is the shift in manufacturing output. Whereas China and India had once been the manufacturing hubs for many centuries, North America and the Europe experienced the Industrial Revolution and became the global leaders in manufacturing. This change also resulted in a gap in GDP between Asia and the West. The shift in manufacturing to North America and Europe also belied the population growth rate patterns. As a result, China and India became poor and underdeveloped compared with Europe and North America.
Japan plays a more nuanced role in these changes. Japans imperialism led t its eventual defeat and radical shift in focus after World War Two. What would have been another Asian economic backwater had become an industrial powerhouse through systematic dedication to technological advancements and investments in emerging industries. Yet even as Japan became an Asian economic powerhouse, other Asian countries continued to lag behind until the boom of the Southeast Asian economies towards the end of the twentieth century.
These readings and lectures show how the gaps between so-called First World and Second and Third World became exacerbated during the twentieth century. South America, Africa, and most of Asia were on one end of the economic polarity, giving these regions less purchasing power but also less political clout. On the contrary, Europe and North America retained their economic potency, especially after the close of World War Two. As Marks also points out, colonialism had left an astounding legacy on the former colonies, stymying economic development throughout much of the world and perpetuating racism and other features of social Darwinism. Nations with power had the ability to create systems of global trade and economic policy that favored their own interests, perpetuating the gap.
Works Cited
Marks, Robert B. The Origins of the Modern World. Lanham, MD: Rowman & Littlefield, 2015.
Economic development is a key element of growth and sustainability of a country, as well as of equity, prosperity and well-being of its population. Recently the world has witnessed rapid economic growth of two Southeast Asian countries: China and Vietnam. Both of the countries faced major challenges for the growth of their economy, they survived these challenges well and proved themselves to be the success stories of development. Vietnam continues
Economic Development Economic Impacts of Tekopora - Theory The Tekopora program was launched in 2005 to provide cash payments, as a means of help low income Paraguayans escape poverty. Basic economic analysis suggests the following outcome expectations are reasonable, in the areas of per capita income, consumption, poverty reduction and school attendance. It should be expected that per capita income and consumption would both increase. The reason for this is simple. As
Economic Development The author presents a poorly defended opinion in The Economist article "The Case for Globalization." The article boldly posits that "international economic integration is...the best of many possible futures for the world economy." According to the author, globalization is the only feasible panacea for poverty and political disenfranchisement. To dismantle world trade would entail "unparalleled catastrophe for the planet's most desperate people." However compelling these statements may be, they
This dependence on the rainfall to multiply makes malaria to have a particular cycle of the infections in these tropic regions. The dry and the wet seasons usually alternate, hence the malaria outbreaks usually follow the rainy seasons. It is also worth noting that the intensity of the malaria transmission is tied on the type of mosquito vector that is in a given region. It is true that the anopheles
Capital stock in Vietnam has increased manifold in the past decade, and has fuelled the country's strong economic growth. Vietnam does not have extensive natural resources. Most of the country is heavily farmed. The country is self-sufficient in oil, gas and hydroelectricity however, which is a benefit. Crude oil is a major export commodity. Much of the other export commodities are farm-based (coffee, tea, rubber, rice). Vietnam's technology and innovation is
Economic development of Eastern and Western Europe over the course of the nineteenth and twentieth centuries obviously differed, but not to the extent that historians or economists have frequently imagined. Put simply, the economic histories of Eastern and Western Europe are frequently viewed according to either region's differing political organizations, with the capitalist West opposed to the Communist East, but in reality, the period of time defined by the rise