The Medieval Expansion of Long-Distance Trade: Adam Smith on the Towns’ Escape from the Violent, Feudal Equilibrium

Author(s):  
Barry R. Weingast

Most people in medieval Europe lived at subsistence level in a violent feudal world. Adam Smith explained both the long-term stability of the feudal system and how the towns escaped this violence trap through political exchange that fostered their ability to enter long-distance trade, create a significant division of labor, and encourage long-term economic growth and development. Violence is central to Smith’s approach to development, which Smith scholars have systematically underappreciated. In the face of episodic violence, individuals had little incentive to be industrious, to save, or to invest. Smith argued that medieval towns escaped the violence trap through three mutually reinforcing elements: law and liberty, commerce (including long-distance trade), and security from all forms of violence.

Author(s):  
John Toye

This book provides a survey of different ways in which economic sociocultural and political aspects of human progress have been studied since the time of Adam Smith. Inevitably, over such a long time span, it has been necessary to concentrate on highlighting the most significant contributions, rather than attempting an exhaustive treatment. The aim has been to bring into focus an outline of the main long-term changes in the way that socioeconomic development has been envisaged. The argument presented is that the idea of socioeconomic development emerged with the creation of grand evolutionary sequences of social progress that were the products of Enlightenment and mid-Victorian thinkers. By the middle of the twentieth century, when interest in the accelerating development gave the topic a new impetus, its scope narrowed to a set of economically based strategies. After 1960, however, faith in such strategies began to wane, in the face of indifferent results and general faltering of confidence in economists’ boasts of scientific expertise. In the twenty-first century, development research is being pursued using a research method that generates disconnected results. As a result, it seems unlikely that any grand narrative will be created in the future and that neo-liberalism will be the last of this particular kind of socioeconomic theory.


2013 ◽  
Vol 51 (2) ◽  
pp. 325-369 ◽  
Author(s):  
Enrico Spolaore ◽  
Romain Wacziarg

The empirical literature on economic growth and development has moved from the study of proximate determinants to the analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on the measurement and estimation of the effects of historical variables on contemporary income by explicitly taking into account the ancestral composition of current populations. The evidence suggests that economic development is affected by traits that have been transmitted across generations over the very long run. This article surveys this new literature and provides a framework to discuss different channels through which intergenerationally transmitted characteristics may impact economic development, biologically (via genetic or epigenetic transmission) and culturally (via behavioral or symbolic transmission). An important issue is whether historically transmitted traits have affected development through their direct impact on productivity, or have operated indirectly as barriers to the diffusion of productivity-enhancing innovations across populations. (JEL J11, O33, O47, Z13)


Author(s):  
Werner Baer

This article tries to discover some of the roots behind Brazil’s slow economic growth. These include the generally low investment/GDP ratio, the country’s incapacity to implement timely infrastructure investments, the long-term overvalued exchange rate, the poverty of human capital, the incapacity to do state-of-the-arts research and development, and the weak educational system.


2019 ◽  
Vol 1 (40) ◽  
Author(s):  
Ian Magalhães de Andrade

RESUMO  A assimetria facial é uma anomalia que ocorre entre partes homólogas da face, que pode gerar diversas alterações na harmonia facial e problemas funcionais, como dificuldade mastigatória. Essas alterações podem causar grandes prejuízos psicossociais ao indivíduo que possui esse tipo de anormalidade dentofacial. Dentre as opções terapêuticas, a que mais se destaca é a cirurgia ortognática pois produz resultados previsíveis e com boa estabilidade a longo prazo. O objetivo do presente trabalho é relatar o caso clínico de uma paciente portadora de látero-desvio mandibular e importante assimetria facial, apresentando o resultado alcançado com a cirurgia ortognática bimaxilar e discutir a literatura especializada. Palavras-chave: Cirurgia ortognática; Látero-desvio mandibular; Ortodontia.   ABSTRACT  Facial asymmetry is an abnormality that occurs between homologous parts of the face, which can generate several changes in facial harmony and functional problems, as masticatory difficulty. These changes can cause great psychosocial damage to the individual who has this type of dentofacial abnormality. Among the therapeutic options, the most common is orthognathic surgery, because produces predictable results with good long-term stability. The aim of the present study is to report the clinical case of a patient with mandibular lateral deviation and an important facial asymmetry, presenting the result achieved with bimaxillary orthognathic surgery and discuss the specialized literature. Key words: Ortognatic surgery; Mandibular lateral deviation; Orthodontics


Author(s):  
Mikhail V Chester ◽  
Braden Allenby

Abstract Infrastructure systems must change to match the growing complexity of the environments they operate in. Yet the models of governance and the core technologies they rely on are structured around models of relative long-term stability that appear increasingly insufficient and even problematic. As the environments in which infrastructure function become more complex, infrastructure systems must adapt to develop a repertoire of responses sufficient to respond to the increasing variety of conditions and challenges. Whereas in the past infrastructure leadership and system design has emphasized organization strategies that primarily focus on exploitation (e.g., efficiency and production, amenable to conditions of stability), in the future they must create space for exploration, the innovation of what the organization is and does. They will need to create the abilities to maintain themselves in the face of growing complexity by creating the knowledge, processes, and technologies necessary to engage environment complexity. We refer to this capacity as infrastructure autopoiesis. In doing so infrastructure organizations should focus on four key tenets. First, a shift to sustained adaptation – perpetual change in the face of destabilizing conditions often marked by uncertainty – and away from rigid processes and technologies is necessary. Second, infrastructure organizations should pursue restructuring their bureaucracies to distribute more resources and decisionmaking capacity horizontally, across the organization’s hierarchy. Third, they should build capacity for horizon scanning, the process of systematically searching the environment for opportunities and threats. Fourth, they should emphasize loose fit design, the flexibility of assets to pivot function as the environment changes. The inability to engage with complexity can be expected to result in a decoupling between what our infrastructure systems can do and what we need them to do, and autopoietic capabilities may help close this gap by creating the conditions for a sufficient repertoire to emerge.


2021 ◽  
Vol 1 (1) ◽  
pp. 55-67
Author(s):  
Calvince Omondi Barack ◽  
◽  
Gerishon Barack Munga ◽  

Purpose: The purpose of this paper is to critically assess the challenges that were faced by trans-border truck drivers within the East African Community as a result of the Covid-19 pandemic and its management protocols. Research methodology: While adopting the qualitative research method, this paper has used documents including documented interviews and virtual sources for its data. The data have been analyzed using qualitative content analysis through which themes have been generated for discussions. Results: The EAC member countries should continue to harmonize their health standardization to enable them to enjoy the pursuit and use of OSBP even during pandemics. Limitations: This paper, however, is limited to the long-distance truck drivers and the management of Covid-19 within the East African Community and does not cover other aspects of Coordinated Border Management in the region. Contribution: It provides valuable contributions to the need for harmonization and standardization of operations and health measures within the community as a long-term solution to the challenges of coordinated border management within the community in the face of future pandemics and readiness for the single market regime. Keywords: Truckers, Coordinated border management, Covid-19, East African Community, Relay driving


Author(s):  
R. Kuzina

The article reviews the macroeconomic consequences of natural disasters based on the ECLAC methodology, which separates direct physical damage from indirect damage and additional or secondary effects. A study of the impact of natural disasters on long-term economic growth and development has shown that the scarcity of financial resources after a natural disaster reduces future growth and requires the disclosure of risks associated with dangerous natural phenomena for three reasons. Firstly, there are large opportunity costs associated with diverting scarce financial resources into relief and disaster recovery efforts. Secondly, natural disasters can damage an already complex budgeting process. Thirdly, natural disasters place high demands on international aid resources, diverting resources from development. Natural disasters have a negative impact on both the short and long term. These developments refute the somewhat simplistic notion of a general decline in vulnerability to natural disasters as the economy grows. Instead, a more sophisticated perspective needs to be adopted and applied when conducting detailed macroeconomic risk assessments. Based on the results of such assessments, the risks associated with natural hazards should be included in general development policies and plans. Risk management strategies should also reflect the fact that disasters occur in different hazard categories (climatic, geophysical or epidemic) and entail different risk reduction options. It is also necessary to assess the experience gained from specific events and, if necessary, take appropriate action. Disasters can cause policy and institutional innovation changes that ultimately benefit, in some cases, not only in reducing vulnerability but also in supporting economic growth and development: deregulating agricultural investment, applying climate forecasting to reduce the impact of climate variability, financial risk management mechanisms. In order to manage risks and mitigate the effects of natural disasters by informing users of financial statements about possible side effects of the pandemic, the issue of disclosure and recalculation of financial statements was considered to reflect the effects of coronavirus on companies and assess financial risks.


2019 ◽  
Vol 13 (4) ◽  
pp. 663-671
Author(s):  
Hannah Wild ◽  
Pierre Fallavier ◽  
Ronak Patel

ABSTRACTWhat began in 2013 as the eruption of a political struggle between forces loyal to President Salva Kiir, a member of the Dinka ethnic group, and then–vice president Riek Machar, a Nuer, has splintered into a multifaction conflict. A dizzying array of armed groups have entered the fray, many unmotivated by political leverage that conventionally brings parties to a conflict to the negotiating table. Two years and tens of thousands of deaths after the 2015 signing of the Agreement on the Resolution of the Conflict in South Sudan, with no substantive progress toward meetings its terms, it is unrealistic to think that Intergovernmental Authority on Development’s recently announced High-Level Revitalization Forum will be sufficient to address the drivers of this conflict. Current policy proposals are poorly designed to address escalating intercommunal conflict and cattle raiding, both devastating forms of violence. As measures at the international level continue to be pursued, the conflict resolution strategy should also include a more comprehensive approach incorporating local actors in order to build momentum toward long-term stability. In this article, we highlight gaps in the current dialogue around a political solution in South Sudan, as well as domains that must be part of the next push for peace. (Disaster Med Public Health Preparedness. 2019;13:663–671)


2016 ◽  
Vol 2016 (3) ◽  
pp. 3-14
Author(s):  
Boris Porfiriev

Innovative modernization of the economy is a multifactorial process. One of these factors, which attracts the attention of the high political and business circles, could be described as the green factor of innovative modernization. This factor means a combination of environmental and climate challenges for long-term economic growth and development of society as a whole, the strategy of response that provides search and develop innovative technological and management solutions that maintain a sustainable level and quality of life, including the reduction of risks to the quality of the human living environment.


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