Nobody downloaded yet

The Political Economy of the Worlds Capitalisms - Book Report/Review Example

Comments (0) Cite this document
In the paper “The Political Economy of the World’s Capitalisms” the author tries to understand the economics involved with late industrialized nations. This is because late industrialization was, in essence, a consequence of steps taken by nations involved in early industrialization…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
The Political Economy of the Worlds Capitalisms
Read TextPreview

Extract of sample "The Political Economy of the Worlds Capitalisms"

Download file to see previous pages At that time most of this machinery was being made by local artisans. These were usually family owned business and worked like blacksmiths. With their limited production capability, they could not provide enough goods to satisfy the growing demand for agricultural machinery. The investments in this sector led to the modernization of this field of manufacturing. The very early forms of Fordism were witnessed as an assembly line was created and tasks assigned in order to increase efficiency. This started a chain process for other industries. As wealth was being accumulated by businesses they started investing in new business ventures and buying luxury items, thus increasing their demand as well.
The initial industrialization in Japan came around as a response to American influence in their trade activities. The opening up of Ports Shimoda and Hakodate forced the Japanese to abolish the feudal system. This allowed a modernization of the Japanese army and later through Meiji reforms, industrialization of Japan and convergence to a modern society. The industrialization of Japan can be divided into two main parts i.e. pre and post world war two period. After the Second World War, the Japanese economy had been completely destroyed. The rebuilding process of the Japanese economy after the war was different from pre-war periods. This was because the Japanese government shifted its focus from developing a military-dominated industrial base to a consumer industry base. The effects of Success in world war had dominant effects on the US economy as well.
The initial strands of industrialization could not reach Germany as quickly as it had reached other European nations. The primary reason was that industrialization of that era was basically focused on or in fact driven by economies of scale. The economies of scale, however, cannot be achieved until and unless a comprehensive large demand exists in the market. Germany at that point in time was divided up into many small states with trade barriers and embargos on each other. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(The Political Economy of the Worlds Capitalisms Book Report/Review - 1, n.d.)
The Political Economy of the Worlds Capitalisms Book Report/Review - 1. Retrieved from
(The Political Economy of the Worlds Capitalisms Book Report/Review - 1)
The Political Economy of the Worlds Capitalisms Book Report/Review - 1.
“The Political Economy of the Worlds Capitalisms Book Report/Review - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Political Economy of the Worlds Capitalisms

Political Economy of Media

...? Political Economy of Media Does the technological revolution change the basic rules of media economics? The technological advancement in the 21st century has had a positive impact on the media economics. A study carried out in over 200 European cities shows that the economic growth was higher in the cities that embraced technology. The era we are in now is marked by globalization technological revolution and democratization, all these areas in one way or another impact media and communication. McChesney observes that the technological revolution does play a defining role in the media industry. He also looks at the economic and cultural globalization and their relation with the global commercial market...
9 Pages(2250 words)Essay

Global political economy

...?Introduction Considering a thorough review is made of the global political system, only a handful of definitions are available with which to fully describe it. These definitions are as follows: imperialistic, polyarchic, or aristocratic. Conversely, currently there are many forms of governance that exist, from a high level of democracy to its complete antithesis – a controlling and repressive dictatorship. All systems of global governance have to integrate with one another at some level in order to achieve certain key goals. I take the stance that the current system of governance displayed within the world is represented as captialist imperialism. Accordingly, this analysis will seek to provide answers on the following subtopics... ...
8 Pages(2000 words)Essay

International Political Economy

...of any of the international unions, trading operations were facilitated by common involvement in the gold systems by the international partners, regardless of their independence and colony status. Great Britain became top on the economic list of best performing countries. The country had developed massive economic, political, industrial influence, and was technically controlling more of the global market. According to Forbes (22), whereas capital controls similar to the Bretton Woods System had not yet been implemented, imbalances in capital flows were rarer than the post 1970 era. In light of its economic dominance, Britain's investment in other countries helped to control any...
7 Pages(1750 words)Research Paper

Political Economy

...What does the 'political economy' approach to the study of the Creative and Cultural Industries involve What are its advantages and disadvantages Introduction The world economy in general and the national economies in particular, in twenty first century, are more or less dominated by post-industrial knowledge-based exchanges. Primary production or manufacturing is becoming decreasingly important sectors of the postmodern economy. The importance of cultural industry is not merely limited to its economic capabilities (which is, of course, relatively strong); but also to the prominent role it has on the making and unmaking of...
15 Pages(3750 words)Essay

Political Economy

...INTRODUCTION: In this essay, I am going to look at some of the major economic theories and their assumptions especially on the need and role of government action or involvement in the economy. This analysis is based on a review of john Freebairn of the Australian car manufacturing industry. Markets are generally a system of social arrangements that allow people to gain information regarding goods and services. In addition, markets provide a framework where people voluntarily exchange their goods and services for an agreed compensation. ANALYSIS: In analyzing the Australian manufacturing industry, Freebairn uses a combination of the Keynesian and the neoclassical theories to drive his point home. The Keynesian theory,...
2 Pages(500 words)Essay

Political economy

...Political economy: Assess the arguments for and against total debt relief. Taking all the points of view under consideration, do you think highly indebted countries should be granted full debt relief? The problem of Third World Debt has been a talking point in international political meetings for more than half a century now. The new world order that had emerged with the end of Second World War had divided the world into three distinct political groups. The first was led by the United States and its allies, the second comprised of the former Soviet Union nations and the rest belonged to the Third...
8 Pages(2000 words)Term Paper

Political Economy

...and at the same time influencing an increased focused on Environmental pollution. The increase in recession and population growth has had a trickledown effect and things have been getting worse as time has gone by. The primary focus of this thesis will be the effects recession and population growth have on triggering income inequality as well as environmental pollution. Financially, the last decade or so has been a debacle for most countries around the world. The term recession has posed as a pest for most economies and has derailed the massive progress the world was making. Money was being flown out of the economic system that was being injected into it. Supplies were not meeting...
6 Pages(1500 words)Essay

Political economy

...POLITICAL ECONOMY Introduction Economics is a large and complex term that describes how individuals, groups, institutions and the government at large make decisions on allocation of limited resources to several competing wants. In any economy, there are always many competing wants from citizens, which the state is mandated to fulfill effectively, however, in their bid to fulfill this needs, they are always confronted by few and unlimited resources, for this reason, a choice steps in (Gregory & Stuart 2013 35). Economics has several branches that that deal with how this important economic question is answered in the fields that they represent. Political Economics According...
7 Pages(1750 words)Essay

Political Economy

...Political Economy Nash equilibrium In the first game, player s best response is in UL where he gets 3 pay offs. This is his best response since3>2. At the same instance, player B has his best response of 4 payoffs (4>3 and 3>2). In the second game. At the same point (UL), both players have their best responses. For player 1, 3 payoffs (3>2) while for player 2, 4 payoffs (4>0). Nash equilibrium exists when player 1’s best response is the same as that of player 2. At (UL), both players have their best responses. 2. Condorcet winner and loser Following these election results, candidate A is the Condorcet winner. This is because in the two instances that A is the preferred candidate (ABC and ACB), the...
2 Pages(500 words)Assignment

Political Economy

...although it was facing numerous hurdles. The political goodwill seemed to be lacking but the U.S was not willing to let the process hit a dead end. Initially, the U.S did not support trade liberalization because it wanted to safeguard the economic milestones the country had made. Liberalization of trade meant that the country was in a position to share its technology with other countries an act which could have empowered the countries economically. Alexander Hamilton who was a very powerful leader supported the use of trade policies that denied other countries an opportunity to gain from the U.S well-established economy. During the Second World War, counties had lost the economic gains...
5 Pages(1250 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 Book Report/Review on topic The Political Economy of the Worlds Capitalisms for FREE!

Contact Us