scholarly journals The Wind of Change: Maritime Technology, Trade, and Economic Development

2017 ◽  
Vol 107 (9) ◽  
pp. 2821-2854 ◽  
Author(s):  
Luigi Pascali
Keyword(s):  
Economic Development ◽  
Trade Integration ◽  
Shipping Industry ◽  
Trade Routes ◽  
The Poor ◽  
The World ◽  
Maritime Technology ◽  
Shipping Costs ◽  
Economic Divergence ◽  
The Rich

The 1870–1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in trade affect economic development? This work isolates a causality channel by exploiting the fact that the introduction of the steamship in the shipping industry produced an asymmetric change in trade distances among countries. Before this invention, trade routes depended on wind patterns. The steamship reduced shipping costs and time in a disproportionate manner across countries and trade routes. Using this source of variation and novel data on shipping, trade, and development, I find that (i) the adoption of the steamship had a major impact on patterns of trade worldwide; (ii) only a small number of countries, characterized by more inclusive institutions, benefited from trade integration; and (iii) globalization was the major driver of the economic divergence between the rich and the poor portions of the world in the years 1850–1900. (JEL F14, F43, F63, L92, N70, O33)

scholarly journals ALTERNATIF SISTEM EKONOMI ISLAM UNTUK INDONESIA YANG LEBIH SEJAHTERA

2017 ◽  
Vol 1 (02) ◽  
Author(s):  
Dian Indah Cahyani ◽  
Sumadi Sumadi
Keyword(s):  
Economic Development ◽  
Economic System ◽  
World Order ◽  
Economic Problems ◽  
Free Competition ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Economic Function ◽  
Group Family

Economic development in a country or bangasa is the main foundation in order to realize the welfare of society. The economy of a country strong then, the country will be stronger. To this end, the trend of capitalism that has spread throughout the world led to the shifting economic world order. Understand the rich get richer, the poor poorer, unwittingly been entrenched in every society the world. Free competition, monopoly, is a product of capitalism that has a lot of miserable people in the country of Indonesia is no exception. Pancasila Economic System is an economic system that is excavated and built from the values espoused in Indonesian societyEconomics is the knowledge of the events and feelings associated with human efforts as individuals (private), group (family of nations, organizations) in meeting the needs are endless. The economic function is to develop capabilities in the event of economic, analyzing and assessing the economic problems, whether they are individual, society and the national character.Keywords: alternative, the economic system of Islam, prosperous 

Inequality, Collective Action, and Democratization

2009 ◽  
Vol 42 (04) ◽  
pp. 661-666 ◽  
Author(s):  
Philip Keefer
Keyword(s):  
Economic Development ◽  
Collective Action ◽  
Working Classes ◽  
The Poor ◽  
The Rich

Epic redistributive struggles between the rich and poor lie at the heart of prominent theories of economic development and the emergence of democracy (e.g., Boix 2003; Acemoglu and Robinson 2006). The poor pursue democracy to secure credible redistribution away from wealthy elites; elites, fearing redistribution, but also the costs of revolution, decide whether to repress these efforts or to surrender to them. These theories, and the historical examples of working classes exacting redistributive or political concessions from elites, have been interpreted as suggesting that inequality and redistributive struggles should be central features of development and democratization. Where inequality is high, democracy should be unlikely to emerge, or to emerge and be unstable. Because elites in unequal societies are unwilling to adopt institutions that encourage growth and investment (such as institutions that protect non-elites from predation by elites), incomes should be lower as well.

When Do the Rich Vote Less Than the Poor and Why? Explaining Turnout Inequality across the World

2014 ◽  
Vol 59 (3) ◽  
pp. 613-627 ◽  
Author(s):  
Kimuli Kasara ◽  
Pavithra Suryanarayan
Keyword(s):  
The Poor ◽  
The World ◽  
The Rich

scholarly journals Globalisation and older people: effects of markets and migration

2002 ◽  
Vol 22 (5) ◽  
pp. 647-663 ◽  
Author(s):  
GAIL WILSON
Keyword(s):  
Social Policy ◽  
Older People ◽  
Economic Restructuring ◽  
Older Men ◽  
World Trade Organisation ◽  
Men And Women ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Older Men And Women

This paper discusses the material aspects of globalisation and the effects of the movements of trade, capital and people around the world on older men and women. While some older people have benefited, most notably where pensions and health care are well developed, the majority of older men and women are among the poor who have not. Free trade, economic restructuring, the globalisation of finance, and the surge in migration, have in most parts of the world tended to produce harmful consequences for older people. These developments have been overseen, and sometimes dictated, by inter-governmental organisations (IGOs) such as the International Monetary Foundation (IMF), the World Bank and the World Trade Organisation (WTO), while other IGOs with less power have been limited to anti-ageist exhortation. Globalisation transfers resources from the poor to the rich within and between countries. It therefore increases social problems while simultaneously diminishing the freedom and capacity of countries to make social policy. Nonetheless, the effects of globalisation, and particularly its financial dimensions, on a nation's capacity for making social policy can be exaggerated. Political will can combat international economic orthodoxy, but the evident cases are the exception rather than the rule.

Power and Globalization in Africa: Perceptions of Barriers to Fair Economic Development in Kenya

2021 ◽  
Vol 20 (1-2) ◽  
pp. 77-97
Author(s):  
John Bosco Ngendakurio
Keyword(s):  
Economic Development ◽  
World Order ◽  
Global Market ◽  
Language And Culture ◽  
Poor Countries ◽  
Face To Face ◽  
The World ◽  
The Rich ◽  
First World

Abstract This article seeks to reveal the primary barriers to fair economic development based on Kenyans’ perceptions of power and globalization. This search was initially sparked by the seeming disinterest of First World scholars to understand the reasons why poor countries benefit so little from the global market as reflected in a subsequent lack of a wide-ranging existing literature about the subject. The literature suggests that global capitalism is dominated by a powerful small elite, the so-called Transnational Capitalist Class (TCC), but how does this relate to Kenya and Africa in general? We know that the TCC has strong connections to financial capital and wealthy transnational corporations. It also pushes neo-liberalism, which becomes the taken-for-granted everyday language and culture that justifies state policies that result in a further class polarization between the rich and poor. Using Kenya as a case study, this article draws on original qualitative research involving face-to-face interviews with Kenyan residents in different sectors who spoke freely about what they perceive to be Kenya’s place in the world order. My interview results show that, on top of the general lack of economic power in the world order, the main barriers to Africa’s performance are neo-colonial and imperialist practices, poor technology, poor infrastructure, general governance issues, and purchasing power.

scholarly journals Using fuzzy logic for evaluating the level of countries’ (regions’) economic development

2012 ◽  
Vol 59 (3) ◽  
pp. 293-310 ◽  
Author(s):  
Gordan Stojic
Keyword(s):  
Mathematical Model ◽  
Economic Development ◽  
Fuzzy Logic ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Industrial Growth ◽  
The Poor ◽  
The World ◽  
Level Of Economic Development ◽  
Per Capita

There are several divisions of countries and regions in the world. Besides geo-political divisions, there also are economic divisions. The most common economic division is the that on developed countries and the poor ones. These divisions are a consequence of the level of: GDP, GDP per capita, unemployment rate, industrial growth, and so on. The question is how to define a mathematical model based on which the following will be assessed: who is rich and who is poor, or who is economically developed and who is not? How the boundaries of transition from one category to another can be defined? This paper presents a model for evaluating the level of economic development of countries and regions using "fuzzy" logic. The model was tested on a sample of 19 EU member countries and aspirants for membership.

scholarly journals KONSEP HAK MILIK DALAM EKONOMI ISLAM

2017 ◽  
Vol 9 (2) ◽  
pp. 189-207
Author(s):  
AN Ras Try Astuti ◽  
Andi Faisal
Keyword(s):  
Developing Countries ◽  
Social Justice ◽  
Economic System ◽  
The Other ◽  
Private Ownership ◽  
The Poor ◽  
The World ◽  
Joint Ownership ◽  
The Rich ◽  
The Individual

Capitalism as an economic system that is implemented by most countries in the world today, in fact it gave birth to injustice and social inequalityare increasingly out of control. Social and economic inequalities are felt both between countries (developed and developing countries) as well as insociety itself (the rich minority and the poor majority). The condition is born from the practice of departing from faulty assumptions about the man. In capitalism the individual to own property released uncontrollably, causing a social imbalance. On the other hand, Islam never given a state model that guarantees fair distribution of ownership for all members of society, ie at the time of the Prophet Muhammad established the Islamic government in Medina. In Islam, the private ownership of property was also recognized but not absolute like capitalism. Islam also recognizes the forms of joint ownership for the benefit of society and acknowledges the ownership of the state that aims to create a balance and social justice.

Deconstructing the ‘Digital Divide’ In Africa

2012 ◽  
pp. 222-236
Author(s):  
Stephen Mutula
Keyword(s):  
Developing Countries ◽  
Digital Divide ◽  
Information Society ◽  
Wealth Creation ◽  
World Summit ◽  
Cable Tv ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Developed World

The debate about whether the digital divide between Africa and the developed world is narrowing or widening has intensified over the last five years. Some believe that access to technology is positively correlated to economic development and wealth creation, however, since the dawn of the last century, the gap between the rich and the poor within and between developed and developing countries has continued to grow. The protagonists in this debate do not seem to appreciate the notion that the digital divide is not about a single technology, and is driven by a complex set of factors that exist beyond wires. This paper attempts to deconstruct the concept of the digital divide beyond access to PCs, telephones, Internet, cable TV, etc… The authors argue that the phenomenon as currently conceived is misleading and flawed, and so are the indices for its measurement. Suggestions that a new model for mapping the phenomenon is made in order to bridge the divide between developed and developing countries. In deconstructing the digital divide, the authors use the Declaration of Principles of the World Summit on Information Society and the indices used to measure e-readiness, information society, digital opportunity, and e-government.

DIFFERENTIAL FERTILITY AND ECONOMIC DEVELOPMENT

2013 ◽  
Vol 18 (5) ◽  
pp. 1048-1068 ◽  
Author(s):  
Hideki Nakamura ◽  
Yoshihiko Seoka
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Capital Stock ◽  
Initial Ratio ◽  
Differential Fertility ◽  
The Poor ◽  
Rich People ◽  
The Rich ◽  
Persistent Poverty

This paper considers differential fertility and analyzes how the fertility of people caught in poverty disturbs their escape from poverty. For escape from poverty, it is necessary that the average human capital stock exceed certain thresholds before the ratio of the number of poor to rich people increases more rapidly than the human capital level of rich people. Thus, the escape depends on a race between the accumulation of human capital by the rich and the accumulation of children by the poor. A high initial ratio of the number of poor to rich people would imply persistent poverty.

The U.N. and the (Economic) Education of Henry Kissinger

Worldview ◽  
1976 ◽  
Vol 19 (1-2) ◽  
pp. 7-14 ◽  
Author(s):  
Helena Stalson
Keyword(s):  
New York ◽  
International System ◽  
The United States ◽  
Economic Education ◽  
Henry Kissinger ◽  
Poor Countries ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Rich Countries

Something remarkable and of historic importance took place in New York during the first two weeks of September, 1975. At a Special Session of the United Nations the poor countries of the world, who have 70 per cent of its people and 30 per cent of its income, demanded that the rich, countries make some major changes in the international system. And the rich countries, including the United States, responded in new ways. Most reporters failed to notice how remarkable the events were, but the evidence is there.

Sign in / Sign up

Export Citation Format

Share Document