Nobody downloaded yet

America is Finished - Essay Example

Comments (0) Cite this document
Summary
Michael Spence in 2001 won Economic Sciences Nobel Prize. This is record for one to consider reviewing some of his works in writing. Ten years later, he has embarked publishing the book The following Convergence that discusses the era of convergence following its introduction by the Industrial Revolution of the 1750. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
America is Finished
Read TextPreview

Extract of sample "America is Finished"

Download file to see previous pages Spence, an economics professor at New York University’s Stern School of Business, a superior fellow in the Hoover Institution and former chairperson of Growth and Development Independent Commission, lives in Italy and California. The book is a nonfiction depiction of the future based on current trends and statistics in relation to previous happenings. The book talks about the Industrial Revolution third century, which is the era we are presently living in. As scholars that one can find can deduce it from limited resources, it is found that for numerous hundred decades until approximately 1750, the growth of the economy was insufficient anywhere in the Globe. By the world’s standards, majorities of people were pitiable and only a small group of the elite was rich. In some parts, there existed a small middle class, who were commercially oriented. This was the case visible almost the entire world. In 1750, England began a new and much improved course of the Industrial Revolution raising the income per capita. The growth increased and was maintained for the pioneer time in the world’s history. This was the case for almost twenty decades until the Second World War began. By 1950, the standard earnings of persons living in the Industrial nations had increased by twenty times and in the case of more developed nations, this value rose more than this. This dramatic change of the growth pattern was limited to what we term industrialized or advanced nations. This changed the lives of about 15% of the globe's population. Apart from this group, the pattern of the previous hundred years merely presided thus little growth and people were still poor. This is to explain that, the global pattern was just one of the rapid divergences between the already developed and advanced verses others who are not. Commencing after the Second World War, the shift in pattern was tough at the initial stages to perceive it as a prominent trend started again. The nations in the developing world began to develop. Initially, the growth was comparatively slow and only in distinct cases, there which it started to step up and spread. This signified the start of the international economy century extensive journey. The result is probably the world that 75% of its people reside in advanced nations with all that it comprises: escalating income growth with comparatively accelerating patterns of energy consumption and use. The next convergence is likely to bring debates how well to continue in the post crisis era and reset the equilibrium between national and global economic welfare and temporary fixes and continuing sustainability. Main Body With the Industrial revolution of the British, a fraction of the globe's population commenced to encounter peculiar economic growth that lead to gaps in living standards and wealth between the developed Europe and the rest of the globe. This trend of divergence was reverted after the World War II and presently we are halfway through 100 years of escalating and high development in the developing countries and a novel convergence with the developed nations are enormous but still comprehended. This book dates about further than 100 years that started in 1945 and will go into mid 21st century meaning that after two hundred years of high speed and accelerating divergence, a trend of convergence has engulfed the world. The author boldly and precisely outlines what is at stake globally as he portrays the future of the manner in which the global economy will rise over the subsequent fifty years. A number of our most renowned econopundits dwell in such basic, commotional public speaking, particularly in periods of market confusion and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“America is Finished Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
America is Finished Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1442351-book-review-the-next-convergence-the-future-of
(America Is Finished Essay Example | Topics and Well Written Essays - 1000 Words)
America Is Finished Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1442351-book-review-the-next-convergence-the-future-of.
“America Is Finished Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1442351-book-review-the-next-convergence-the-future-of.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF America is Finished

How is Let America be America applicable to today's America

...of the of the Submitted How is "Let America be America" applicable to today's America? Introduction Poets and philosophers over the ages have written many things about America and its ideals. There is a strong belief even today that the American nation is ‘the land of the free, the home of the brave’. The Founding Fathers certainly believed in this ideal and worked to ensure that the original 13 States signing the Declaration of Independence gained freedom from oppression and were free of the yoke of the British. In this short poem ‘Let America be America’ the poet Langston Hughes laments that America today has been...
2 Pages(500 words)Essay

America

...AMERICA It was the words of Lyndon B. Johnson that America is not merely a nation, but a nation of nations. The fact that the United s of America accepts more legal immigrants as permanent residents than any other country in the world quiet proves his point. People from all over the world, may it be from Europe, Asia, Middle East, Australia, Africa or South America, are drawn towards the United States or what it has to offer and make their mark while they are here. It is not at all a wonder that the immigration count in United States has been rising every year. The idea of America brings to ones mind the picture of a land that promises liberty,...
3 Pages(750 words)Essay

Shannons America

...Shannon's America - Colonial Past and Social Transformation Timothy Shannon's book d Atlantic Lives: A Comparative Approach to Early America isbased on a society determined to rise out of the dredges of the disadvantages of diversity so as to achieve unity in all its quarters as it strives to retain its right to be different. (Shannon, 2003) The material contains the all important implication that understanding different lifestyles and ways of living gives people a broader perspective in their own lives - this thought can be called a summation of all the ideas in this book. This book goes on to give an insight into various communities and so called minorities who have the potential to deliver us to...
5 Pages(1250 words)Book Report/Review

Skate America

...America Skates with Skate America Skate America sells skateboards and skating related accessories online. Relative to competing online skateboarding stores, Skate America presents the most professional, attractive, clean(uncluttered) and easy to navigate storefront. This is strictly an online store. The skateboarding store uses Person Marketing as their main strategy of nontraditional marketing on the web. Enhancing its person marketing and combining with a touch of Event Marketing will give the seller a competitive edge in a niche market of hobbyist and gift products for skateboarders and skaters. Two of the most prevalent online competitors are A1...
2 Pages(500 words)Essay

What did I do after i finished my high school

...After I finished my high school in 2007, I worked in a company in Saudi Arabia for a year and a half. I knew that working in this company was not what I wanted to do with my life. There was not challenge to the work and I am a person that likes to be challenged. After thinking for a long time, I decided to study abroad. I decided to go to America to complete my studies and to have the experience of living in a different country and culture. I knew that this experience would be challenging so it was very attractive to me. My family and my friends know that once I make up my mind, I always do what I have set out to do. I arrived in the great country of America and the difficulties began...
1 Pages(250 words)Essay

Latin America

...This report highlights the material on Geography including answers of some informative questions on the The diagnostic characteristics of Mainland and Rimland culture areas of Middle America are briefly described. Some important facts and figures regarding United States’ geography are also discussed. Moreover, pros and cons of tourism in Caribbean Islands are briefly enclosed as well. In the last part of the report, the altitudinal zonation model for Latin America showing elevations, names of the zones along with climate diversity is described with the help of a diagram. Last but not the least; deforestation is discussed which is being forecast as pending disaster in Amazonia, Brazil. Some important...
6 Pages(1500 words)Essay

Colonial America

...Colonial America Colonial America The Women of the American Revolution is a book written by Ellet, Elizabeth Fries. The book was published by Baker and Scribner in New York. The book’s main subject is focused on women in the American Revolution. Elizabeth Ellet started to inspire scholars by writing her books, which enable them to recover and record the contribution and lives of women in various perspectives. Ellet published her work in a variety of genres making her one of the best known writers. Ellet did not follow the required roles of women and, therefore, was embroiled in public battles with prominent men, such as Edgar Poe and Rufus who referred to her as a troublemaker. The Women of the American Revolution is a book... America...
4 Pages(1000 words)Book Report/Review

America

...Literature Review The article The World American Made by Robert Kagan is an assertion of how the prosperity of the world, the spread of democracy and continued practice of peace in the world has been influenced by the United States. According to him, the world is held together by America and this implies if the power America possesses declines, the world order would be disturbed. Eric Rauchway on the other hand in the book Blessed among Nations: How the World Made America gives a chronological report of how the world at large has contributed to what America is today. This paper compares the arguments presented in these two publications. Rauchway makes a convincing...
2 Pages(500 words)Book Report/Review

Latin America

...Geography of Latin America Number Question and 2 The geography of Latin America is one characterized with a myriad of different climates and regions. The region is basically a continent that constitutes the southern area of the landmass of America. For a land mass the size of a continent, the structure of geography of Latin America is relatively simple. The geography of the region is normally likened to a bowl of some sorts because of its interior that is flat and surrounded by mountains (Carlson, 1952). Apart from the plains at the coasts that are narrow, the Latin America is basically composed of three main features of topography. One of the features is...
2 Pages(500 words)Essay

Is the Nation state finished

...IS THE NATION FINISHED? By Is the Nation Finished? To satisfy the scales of a nation there needs to be an area with political legitimacy that can be attributed to a condition of sovereignty. The term nation state has been in existence over the years although there is no actual date as to when it began. There are contradictions and debates revolving around the origin of nation states with arguments that it came into existence much later after formation of nations. Despite the case, the concept of nation state must satisfy the scale of sovereignty hence it is arguably true to say that it came in a bid to achieve sovereignty. This implies that the concept of nation states came after establishment of nations...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic America is Finished for FREE!

Contact Us