A New Plea for the Separation of Ireland

1968 ◽  
Vol 28 (2) ◽  
pp. 274-291 ◽  
Author(s):  
Noel G. Butlin

The most recent representation of “British” economic development over the century from 1855, as given in Kuznets’ Modern Economic Growth, does not suggest much vitality in this important economy. This representation is not new. Since it became fashionable to villify the “Britain” of the 1950's and 1960's as the laggard country of Europe, attempts have been made to justify or rationalize recent British performance by claiming that recent slow growth rates have been long established. The justification is based merely on the fable of the tortoise and the hare: slow but steady growth in Britain versus the erratic path of foreigners. Kuznets’ picture of Britain over the past century would, however, suggest a country in which population growth competed only with France for lowest place among developed countries; omitting Netherlands from his list because of its limited period, Kuznets showed that the decade average rate of increase of British gross product, at 21.1 percent, was third lowest and only slightly above that of France with its special population experience; and British increase in product per head, at 14.1 percent decade average, ranked only above that of Australia, with its very low rate of growth at 8 percent. No race was being won here; rather the judgment on the recent past, from the perspective of a century of growth, is that Britain has always had it so bad. The question is whether this perspective is open to reasonable doubt.

Author(s):  
Changkeun Lee ◽  
Paul W. Rhode

Over past 200 years, industrialization was the driving force in the economic development of most nations experiencing “modern economic growth.” Industrial activity generally expanded faster than the economy as a whole, and the sector grew to account for sizable shares of output, employment, and trade. Manufacturing activities have generally experienced faster rates of productivity growth than the economy as a whole and the sector has often paid higher labor wages. Manufacturing also contributes materiel and technology for military purposes. For these reasons, policymakers and the public have long viewed manufacturing as being of greater importance than other activities. This chapter surveys growth and structural change in the American manufacturing sector over the past 200 years. It chronicles the sector’s transformation during the first (1810–1860), second (1870–1920), and third (1970–present) industrial revolutions. It examines the forces, such as globalization, information technologies, and deindustrialization, shaping the sector today.


1975 ◽  
Vol 14 (1) ◽  
pp. 152-153
Author(s):  
Mahmood Ali Ayub

This book is concerned with a special type of less developed countries having open dualistic economies. It deals with transition growth, the postwar era of 1950—1970, which is a relatively short period, sandwiched between the two long epochs of colonial growth and modern economic growth. The hallmark of the colonial epoch is the imposition of foreign political control on the agrarian economy of the colony to result in a heavy reliance upon primary product exports. The non-agricultural sector and the com¬mercialized agricultural sector form an enclave which is "involved in a trian¬gular pattern of resource utilization with the foreign sector." The economic goal of colonialism is to extract from the colony the maximum export surplus. This feature of colonial growth is vital to the examination of the transition growth process because the subsequent experience of the colony after political independence depends on how these export profits are employed. The main point of the book is that the use of export profits to alter the economic structure differs among countries, and the authors identify two types of experience. The first is economic nationalism, under which the trade- related profits are utilized for a thorough change in the production and trade patterns. The second is neocolonialism in which, by contrast, the trade- related profits are employed to strengthen and perpetuate the colonial pattern of growth. Taiwan and the Philippines are cited as examples of economic nationalist transition growth while Malaysia and Thailand are examples of the neocolonial pattern of growth.


1975 ◽  
Vol 5 (1) ◽  
pp. 89-98 ◽  
Author(s):  
Kenneth W. Bruland ◽  
Minoru Koide ◽  
Carl Bowser ◽  
Louis J. Maher ◽  
Edward D. Goldberg

AbstractRates of sedimentation in two Lake Superior deposits were determined by both ragweed pollen and 210Pb geochronologies. The former yields an average rate over the time since the first appearance of enhanced concentrations of the pollen as a consequence of human settlement. Sedimentation rates derived on these two bases can be brought into accord if the first appearance of ragweed pollen in the sediments was around 1830 and if the sedimentation rates have been uniform over the past century.


2013 ◽  
pp. 3-35
Author(s):  
Beata Osiewalska

The connection between fertility of parents and their children has been investigated many times over the past century. It seems to be insignificant among pre-transitional populations, but becomes more important over time, especially in developed countries. Following Pearson’s example, it was widely adopted to use simple correlation analyses in such studies. In this study we will present how to use more advanced statistical models and methods to determine the occurrence and strength of examined relationships. Thus, we aim to investigate the intergenerational transmission of fertility in contemporary populations (in the case of the motherdaughter relation in Austria) using the zero-inflated Poisson regression model. Using this model in fertility analysis allows us to treat childlessness as a qualitatively different state with possibly different determinants than parenthood (regardless of the number of children). Bayesian inference in this study enables us to obtain covariates’ distributions as well as distributions of covariates’ nonlinear functions (including their uncertainty) and allows us to incorporate our prior knowledge.


Author(s):  
Janna Khoroujik ◽  
Hamid Z. Ahmadi

Although there still exits a sense of uneasiness in the stock market about global investing, the above average rate of returns and steady growth of international companies for the past ten years compels prudent investor to invest abroad. The main goal of this work is to examine the performance of foreign companies and compare their risk-adjusted returns to the returns of the US companies. In this process we selected the foreign companies that have been accepted by our financial market and traded in the US as ADR (American Depository Receipts) in NYSE or NASDAQ. Additionally, we have considered only those ADRs that had high volume and outperformed the industry index. Specifically, this study is going to address whether the performance of a global portfolio meets or surpasses the performance of a diversified domestic portfolio. More importantly the emphasis of this work is to determine whether the global portfolios consistently and significantly outperformed the US equity portfolios. The asset selection and the optimization process applied to domestic and international portfolios are identical to maintain consistency and comparability of the results. For each portfolio we used the 2003-2004 daily observations to optimize allocations and we used the 2005-2006 data to evaluate the performance of each portfolio.


2012 ◽  
Vol 12 (23) ◽  
pp. 11485-11504 ◽  
Author(s):  
D. D. Parrish ◽  
K. S. Law ◽  
J. Staehelin ◽  
R. Derwent ◽  
O. R. Cooper ◽  
...  

Abstract. Changes in baseline (here understood as representative of continental to hemispheric scales) tropospheric O3 concentrations that have occurred at northern mid-latitudes over the past six decades are quantified from available measurement records with the goal of providing benchmarks to which retrospective model calculations of the global O3 distribution can be compared. Eleven data sets (ten ground-based and one airborne) including six European (beginning in the 1950's and before), three North American (beginning in 1984) and two Asian (beginning in 1991) are analyzed. When the full time periods of the data records are considered a consistent picture emerges; O3 has increased at all sites in all seasons at approximately 1% yr−1 relative to the site's 2000 yr mixing ratio in each season. For perspective, this rate of increase sustained from 1950 to 2000 corresponds to an approximate doubling. There is little if any evidence for statistically significant differences in average rates of increase among the sites, regardless of varying length of data records. At most sites (most definitively at the European sites) the rate of increase has slowed over the last decade (possibly longer), to the extent that at present O3 is decreasing at some sites in some seasons, particularly in summer. The average rate of increase before 2000 shows significant seasonal differences (1.08 ± 0.09, 0.89 ± 0.10, 0.85 ± 0.11 and 1.21 ± 0.12% yr−1 in spring, summer, autumn and winter, respectively, over North America and Europe).


Author(s):  
Hamid Ahmadi

<p class="AbstractStyle" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-style: normal; font-size: 10pt;"><span style="font-family: Times New Roman;">Today, no company is safe, no industry is secure, no rating is impartial, no advisor is certain, and no country is immune from economic and financial malaise. The days of optimistically believing the advisors and benefiting from investment in equity markets are long gone. Any recommended asset or a strategy is questioned and everywhere doubts outdo trust.<span style="mso-spacerun: yes;">&nbsp; </span>In these financial dark days, however, few things are still true: rational and logical approaches endure, sound and understandable assumptions hold, diversification works.</span></span></p><p class="AbstractStyle" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-style: normal; font-size: 10pt;"><span style="font-family: Times New Roman;">Diversification is a simple and yet powerful commonsensical approach to investment. It is easy to do and it works well for small and large portfolios with few or many assets. If one chooses to use diversifications techniques, an important question to ask is whether it is based on data across all time-periods, or over primarily down markets when diversification is most valuable. This study examines the performance of a well-diversified portfolio and compares the results with the performance of other portfolios including an equally-weighted equity portfolio over the down market from April 2, 2007 to April 4, 2009.</span></span></p><p class="AbstractStyle" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-style: normal; font-size: 10pt;"><span style="font-family: Times New Roman;">Although there still exits a sense of uneasiness in the stock market about equity investing, the above average rate of returns and steady growth of diversified portfolios over the past two troubling years compels investors to consider diversifications again. The main goal of this work is to first examine the performance of several companies and compare their risk-adjusted returns to the returns of indexes, mainly S&amp;P 500, and then compare the performance of a well-diversified portfolio with a balanced equity portfolio. Specifically, this study is going to address whether the performance of a well-diversified portfolio meets or surpasses the performance of a diversified equally weighted portfolio. More importantly the emphasis of this work is to determine whether diversification consistently and significantly contributes positively to the performance of the US equity portfolios.<span style="mso-spacerun: yes;">&nbsp; </span>The asset selection and the optimization process applied to portfolios are identical to maintain consistency and comparability of the results. For each portfolio we used the 2005-2007 daily observations to optimize allocations and we used the 2007-2009 data to evaluate the performance of each portfolio.</span></span></p>


2000 ◽  
Vol 122 (12) ◽  
pp. 46-51
Author(s):  
Henry Petroski

This article highlights the pervasiveness of the products and processes of engineering in having improved the quality of life in the developed countries of the world. The airplane and its associated infrastructure of airports and ticketing schemes have come a long way since the Wright Brothers’ first flight in 1903, and the ensemble that goes under the rubric ‘airplane’ certainly warrants recognition as achievement. All the engineering achievements that have been identified as among the greatest of the past century leave room for improvement. Air conditioning and refrigeration are among the more domestic achievements of 20th century engineering, but at exactly what stage they became so is hard to say. Refrigerators especially came a long way in the second half of the century. Well-controlled air conditioning, for all the technological progress made in the field since air was fanned over a block of ice, seems to remain one of the great open problems of mechanical engineering. All achievements, engineering and otherwise, are relative to their time and circumstances.


2020 ◽  
Vol 4 (4) ◽  
pp. 365-381
Author(s):  
Ny Anjara Fifi Ravelomanantsoa ◽  
Sarah Guth ◽  
Angelo Andrianiaina ◽  
Santino Andry ◽  
Anecia Gentles ◽  
...  

Seven zoonoses — human infections of animal origin — have emerged from the Coronaviridae family in the past century, including three viruses responsible for significant human mortality (SARS-CoV, MERS-CoV, and SARS-CoV-2) in the past twenty years alone. These three viruses, in addition to two older CoV zoonoses (HCoV-229E and HCoV-NL63) are believed to be originally derived from wild bat reservoir species. We review the molecular biology of the bat-derived Alpha- and Betacoronavirus genera, highlighting features that contribute to their potential for cross-species emergence, including the use of well-conserved mammalian host cell machinery for cell entry and a unique capacity for adaptation to novel host environments after host switching. The adaptive capacity of coronaviruses largely results from their large genomes, which reduce the risk of deleterious mutational errors and facilitate range-expanding recombination events by offering heightened redundancy in essential genetic material. Large CoV genomes are made possible by the unique proofreading capacity encoded for their RNA-dependent polymerase. We find that bat-borne SARS-related coronaviruses in the subgenus Sarbecovirus, the source clade for SARS-CoV and SARS-CoV-2, present a particularly poignant pandemic threat, due to the extraordinary viral genetic diversity represented among several sympatric species of their horseshoe bat hosts. To date, Sarbecovirus surveillance has been almost entirely restricted to China. More vigorous field research efforts tracking the circulation of Sarbecoviruses specifically and Betacoronaviruses more generally is needed across a broader global range if we are to avoid future repeats of the COVID-19 pandemic.


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