Embedding Capital: Political-Economic History, the United States, and the World

2020 ◽  
pp. 1-15
Author(s):  
Luke Patey

China views the decline of the United States and the West as signal to advance its interests, norms, and values on the world stage. But sentiments that one superpower will replace another miss the bigger picture. China’s rise to the commanding heights of the global economy and world affairs is not preordained. Its potential evolution into a global superpower, with a deep presence and strong influence over economic, political, military, and culture abroad, will rather be conditioned by how China behaves toward the rest of the world, and how the world responds. The world’s other large economies, major militaries, technology leaders, and cultural hubs will be significant in shaping the future world. For developed and developing countries alike, there is recognition that economic engagement with China produces strategic vulnerabilities to their own competitiveness and foreign policy and defense autonomy. China will struggle to realize its political, economic, and military global ambitions.


Author(s):  
William R. Thompson ◽  
Leila Zakhirova

System leaders, sometimes referred to as hegemons or world powers, emerge based on a foundation of technological innovation and global military reach. To this foundation energy is now added as a third leg of the power stool. It is not a coincidence that observers posit 17th-century Netherlands, 19th-century Britain, and 20th-century United States as the leading states in political-economy terms of their respective eras. The Dutch used peat and windmills, the British married coal to the steam engine, and the United States added petroleum and electricity to coal to fuel a host of new machines. The greater a country’s lead in technology and energy, the more impactful its tenure as the world economy’s lead economy. These leads, nonetheless, do not make their principal beneficiaries into dominant dictators of world politics. Instead, they focus on policing long-distance commercial routes and the global commons, as well as organizing coalitions to suppress perceived threats to the continued functioning of the world economy. Whether this process, which emerged slowly only in the second millennium ce, will continue into the future remains to be seen. It hinges on the prospects for abandoning carbon-based fuels, adapting renewable energy sources, and retaining the ability of one state to maintain a political-economic lead over its rivals for decades as in the past.


2014 ◽  
Vol 46 (2) ◽  
pp. 373-375 ◽  
Author(s):  
Cyrus Schayegh

In scholarship on the Middle East, as on other regions of the world, the sort of social history that climaxed from the 1960s through the 1980s, and in Middle East history through the 1990s—that is, studies of categories such as “class” or “peasant”—has been declining for some time. The cultural history that replaced social history has peaked, too. In the 21st century, the trend, set by non-Middle East historians, has been to combine an updated social-historical focus on structure and groups with a cultural–historical focus on meaning making. Defining societyagainstculture and policing their boundaries is out. In is picking a theme—consumption or travel, say—then studying it from distinct yet linked social and cultural or political/economic angles. This trend has spawned new journals likeCultural and Social History, established in 2004, and has been debated in established journals and memoirs by leading historians of the United States and Europe.


2016 ◽  
Vol 15 (3) ◽  
pp. 331-362 ◽  
Author(s):  
Paul A. Kramer

One of the chief promises of the emerging history of capitalism is its capacity to problematize and historicize relationships between economic inequality and capital's social, political, and ecological domain. At their best, the new works creatively integrate multiple historiographic approaches. Scholars are bringing the insights of social and cultural history to business history's traditional actors and topics, providing thick descriptions of the complex social worlds of firms, investors, and bankers, while resisting rationalist, functionalist, and economistic analyses. They are also proceeding from the assumption that capitalism is not reducible to the people that historians have typically designated as capitalists. As they've shown, the fact that slaves, women, sharecroppers, clerks, and industrial laborers were, to different degrees, denied power in the building of American capitalism did not mean that they were absent from its web, or that their actions did not decisively shape its particular contours.


2012 ◽  
pp. 117-127
Author(s):  
Amatori Franco

Business History: complexity and comparisons. An overview of the last two centuries of business history around the world focusing on three variables: technology, the firm, and the local context. Analysis shows the continuous competition between various countries, from the United States and Japan to China and India, with new waves of technology that make it impossible to forecast history. Business history naturally leads to the larger field of economic history.


1944 ◽  
Vol 4 (S1) ◽  
pp. 1-19 ◽  
Author(s):  
John U. Nef

Sixteen years ago, in happier times, Europe seemed about to become again what she had been to our American parents of the Victorian Age—a rich expanse of industrious and (according to the standards then prevalent) comfortable daily life, ornamented everywhere by monuments emanating from generations of culture, blessed by opportunities for quiet leisure, for travel at what was once considered a rapid pace, and for serious discussions of philosophy and art, such as provided Henry James and Henry Adams with the indispensable nourishment they missed at home. Sixteen years ago, for several weeks on end, I shared to my advantage a table in a modest Basque inn on the French side of the Pyrenees with a distinguished economic historian. In addition to our wives, we had as our companion an elderly professor from a lycée in Bayonne, named Georges Herèlle. We were told that the old gentleman was the greatest authority in France, if not in the world, on the Basque language. He was also the French translator of two writers then prominent, the Spaniard, Blasco Ibáñez, who rose to fame in the United States with Rudolph Valentino riding simultaneously all his “four horsemen,” and the Italian poet, Gabriele d'Annunzio, whose name was known round the world in those prehistoric times before any one had heard of “Mussolini,” let alone of “Hitler.”


Author(s):  
Angus Hooke ◽  
Lauren Alati

This chapter divides the economic history of humans into technological eras and uses a population multiplied by per capita income approach to estimate gross world product in each era and, therefore, for the history of humankind. It also provides an overview of the major technologies that introduced each era and supported growth during the era. The chapter uses a model developed by the authors to predict gross world product during the remainder of the 21st century (2021-2100). It also considers which economies might have been the largest in the world since the dawn of civilisation about 6,000 years ago. The chapter concludes with the prediction that China, India, and the United States will remain the dominant economic powers during the remainder of the 21st century, that the gross domestic product (GDP) of India will pass that of the United States in the late 2030s and the GDP of China in the late 2040s, and will be more than 50% larger than that of second-placed China by 2100.


2011 ◽  
Vol 23 (4) ◽  
pp. 186-191 ◽  
Author(s):  
Malini Ratnasingam ◽  
Lee Ellis

Background. Nearly all of the research on sex differences in mass media utilization has been based on samples from the United States and a few other Western countries. Aim. The present study examines sex differences in mass media utilization in four Asian countries (Japan, Malaysia, South Korea, and Singapore). Methods. College students self-reported the frequency with which they accessed the following five mass media outlets: television dramas, televised news and documentaries, music, newspapers and magazines, and the Internet. Results. Two significant sex differences were found when participants from the four countries were considered as a whole: Women watched television dramas more than did men; and in Japan, female students listened to music more than did their male counterparts. Limitations. A wider array of mass media outlets could have been explored. Conclusions. Findings were largely consistent with results from studies conducted elsewhere in the world, particularly regarding sex differences in television drama viewing. A neurohormonal evolutionary explanation is offered for the basic findings.


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