What best explains the “Rise of the West” that is, the economic, political andmilitary ascendancy of Western Europe and its offshoots (United States etc) inthe world economy after 1800?

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 9PA
icon
Related questions
Question

1.What best explains the “Rise of the West” that is, the economic, political andmilitary ascendancy of Western Europe and its offshoots (United States etc) inthe world economy after 1800? Discuss.2.“The Industrial Revolution that began around 1800 has been the biggest andfastest transformation of production in the entire history of the world.” Discuss.3.“The roots of both modern global economic prosperity and poverty (the so­calledGreat Divergence) are in the Industrial Revolution that began in the late 18thcentury.” Discuss.4.“The rise of the industrial economies based on technological progress and theIndustrial Revolution since 1800 is the central event of modern history. Nothingelse even comes close. This has affected the world in this period more than allother social and political changes taken together.” Discuss.5.Have the economic and social effects of the Industrial Revolution in globaleconomic history since 1800, on balance, and in your view, either harmed orbenefitted the world, or both? Explain.6.“The United States and Germany overtaking them in industrialization andprosperity by 1914, and more recently Japan, is not something that the Britishcould have done anything about”. Discuss.7.Describe the role and rationale for national economic planning, and criticallydiscuss the reasons for the successes and failures of such planning in your choiceof selected nations since 1800.8.Critically discuss some of the major successes and failures of economic progressaround the world that have occurred since 1800.9.Why did the Industrial Revolution first happen in Western Europe, relative toanywhere else in the world? Discuss.10. “An accurate reading of history would show that India and China’s natural rolesare as global economic superpowers.” Discuss.11. “Imperialism and colonialism played a role in the de­industrialization of themany parts of the world economy after 1800 but larger roles were played bycompetitive disadvantage and falling transportation costs.” Discuss in the contextof your choice of regions or nations in the world since 1800.12. “Had the United States treated 70% of its population as it treated its AfricanAmericans for most if its history, the result would have been national failure, forit could never have become an economic powerhouse with such limitedprovision of education.” Discuss in relation to United States versus SouthAmerican development since 1800.13. The one glaring exception to the social, economic, political and technologicalachievements of the past two centuries, and the egalitarian ethic of equality andincome redistribution, is the international distribution of income.” Discuss.14. “What does Robert Allen characterize as the “standard development strategy” inrelation to developing a modern industrial economy in the global economy of thepost­1800 world? Discuss in relation to the successes and/or failures of itsimplementation or lack of implementation in any 2 of: the United States,Germany, Mexico, Japan, South Korea, China, Russia, India, South America, orthe Middle East/Ottoman Empire.15. “In the last 100 years material prosperity has increased more than in all of therest of the thousands of years of human history. In the next 100 years, economicgrowth will raise the living standards of more people in more parts of the worldthan at any prior time in history.” Discuss.16. “Technology and industrialization since 1800 has brought unprecedentedprosperity to the world but also unprecedented misery.” Discuss.17. “The extreme variation in material wellbeing in the world economy is the biggesteconomic problem of our age.” How does the history of the World economysince 1800 help explain this extreme variation, and can it, in your view, besubstantially overcome in your lifetime? If not, why not, and if so, how?18. “The profound imbalance in the global production and use of technology andknowledge has been since 1800 and remains today probably the most powerfulengine of divergence in global well­being between rich and poor nations.”Discuss.19. Robert Allen states: “If China and India catch up with the West, the world willhave come full circle.” Discuss.20. Why did the United States economy after 1800 grow so much more rapidly thanthe Mexican, Brazilian or other Central and South American economies?”Discuss.21. “Once the Industrial Revolution began, it swallowed the world.” Discuss.22. Why did the United States economy after 1800 grow so much more rapidly thanthe Mexican, Brazilian or other Central and South American economies?”Discuss.23. ““Africa has contributed massively to the economic prosperity of the rest of theworld but ironically remains itself still poor and subject to violent ethnic andnationalist conflict both within and between its many states.” Discuss, in yourview, how and why.

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Mortgage
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax