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Archive for the ‘Economic History’ Category
Earthquakes in Japanese Economic History
Posted in Contemporary History, Economic History, tagged Earthquake, GDP per Capita, Japan on 17/03/2011 | Leave a Comment »
Situated at the confluence of four tectonic plates, the islands of Japan is subject to a high level of seismic activity. Large scale earthquakes has historically occurred in fifty-year cycles with the most recent Tōhoku earthquake of 11th March 2011 also being the largest on record, measuring a magnitude of 9 Mw. Until the unfolding of [...]
Demographic Composition and Economic Development
Posted in Contemporary History, Economic History, tagged Baby Boomers, Demographics, GDP per Capita, Norway, Welfare State on 06/01/2011 | 5 Comments »
There is often a causal relationship between a country’s demographic composition and its relative economic performance. Ceteris paribus, the greater proportion of working age individuals in a population, the greater capacity a country has for production of goods and services relative to their commitments in terms of schooling, pensions, healthcare &c to the non-working generations. [...]
Glass Beads for the African Trade
Posted in Economic History, Imperial History, tagged African Explorers, Ceresa-Millin, Glass Beads on 03/11/2010 | 1 Comment »
A favourite currency among European and African alike during the 19th century was glass beads. Inexpensive and portable for the European explorer or trader and having a high intrinsic value for the natives, it was used extensively for the exchange of goods and services. It would prove invaluable for those engaged in long-distance expeditions as [...]
A Recurring Greek Tragedy
Posted in Contemporary History, Economic History, Imperial History, tagged Greece, Greek Debt Crisis, Lord Salisbury, Sir Edward Malet on 09/07/2010 | Leave a Comment »
The perils of relying upon debt to balance one’s books has been clearly demonstrated by the current financial crisis engulfing the Western economies. A particularly striking example is Greece, where revelations of gross misconduct on behalf of the state has transpired; a prolonged period of government debt-financed overspending leading to it’s rather unenviable current position [...]
The ‘North-South Divide’, still relevant today?
Posted in Contemporary History, Economic History, tagged Economic Development, GDP per Capita, North South Divide on 12/05/2010 | Leave a Comment »
The sharp division between developed and developing countries is often described as the “North-South Divide.” The term was coined during the cold war as a way to geographically categorise countries on the basis of their socio-economic development level. With the rise of the Asian Tigers, Newly Industrialising Economies and not to mention Middle Eastern oil [...]
China’s High-Yield Agriculture: A Double-Edged Sword?
Posted in Economic History, Imperial History, tagged China, Economic Development, High-Yield Agriculture, Physiocratic State, Rice on 01/05/2010 | Leave a Comment »
The climatic and natural conditions found within the northern and southern territories of pre-modern China were conducive to wheat and rice cultivation respectively. Soil qualities, regularity of precipitation, the existence of rivers providing ease of irrigation and the length of frost-free time periods gave these types of agriculture comparative advantages within each respective geo-climatic zone. [...]
A Nigerian Oil Curse?
Posted in Contemporary History, Economic History, Violence, tagged Africa, Bonny Light, MEND Guerilla, Nigeria, Oil Curse, Oil Production on 30/04/2010 | Leave a Comment »
There are often references being made to the oil curse, the supposed wretchedness of resource endowments that plunges developing countries into a never-ending spiral of internal strife and instability. The rationale is partially based upon the developing countries’ weak institutional framework which makes states harbouring valuable extractible resources susceptible to predation from external or internal [...]
The Congo Free State – A Latifundium of Terror
Posted in Economic History, Imperial History, Violence, tagged Africa, Henry Morton Stanley, Imperial History, King Leopold II, Rubber, The Congo Free State on 16/04/2010 | Leave a Comment »
‘Leopold II…has knit adventurers, traders and missionaries of many races into one band of men, under the most illustrious of modern travellers (H.M. Stanley) to carry into the interior of Africa new ideas of law, order, humanity, and protection of the natives.’[1] The Daily Telegraph, 22nd of October 1884 Some of the worst atrocities committed [...]
Back to the Future for Africa?
Posted in Economic History, Imperial History, tagged Africa, China, Chinese Iron Ore Imports, Chinese Steel Production, Commodity Demand, Economic Development, Imperial History, Transportation Infrastructure on 04/04/2010 | Leave a Comment »
The partition had left the European powers in control of the African continent, what followed was resource extraction in order to make the venture profitable. The industrial revolution had greatly enhanced the world’s demand for raw materials, commodities such as cotton, rubber, coal, iron ore, copper and others had increased enough in value to justify [...]
Relative Economic Development
Posted in Economic History, tagged Africa, British Empire, Economic Development, Ghana, Kenya, Misgovernment, Rhodesia, Sierra Leone, Zambia on 16/03/2010 | Leave a Comment »
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