Stagnation Book Reviews Samples For Students

Introduction

In the year 2008, the United States was plunged into a financial crisis that was the worst ever experienced since the Great depression. Most banks collapsed during this period and the state was involved in organizing for a transfer of wealth. Many scholars among them economists and financial experts were shocked by the speed at which the events took place. John Bellamy in his book “The Great Financial Crisis” gives a bold analysis of the financial meltdown, its causes, how it developed and the implications that it had to the general economic status of America and other countries across the globe.

This ...

What is the civilizational cycle?

Currently the history of Western civilization is coming through its worst times. It fades gradually for the last hundred years. There is a complete stagnation in the economy and culture. Faith in its future falls, idea of democracy no longer seems so attractive. Science has put forward its response on the matter - a new direction in science has established, which explains the process of cyclical development of civilizations. This science is called biohistory.
Each civilization passes a certain stages or lets call them cycles of development: generation, development, flourishing and fading. From the point of view of biohistory, civilizations tend ...

Executive Summary

Pettis observes the trade imbalance in the countries' balance of payments. Some developed countries have a large amount of debt because they import much more than they export while some other developed countries have large surpluses in their balance of payments. This trade imbalance in the balance of payments is not sustainable according to him. While China continues to make massive investments by using the advantage of cheap labor in the country and Japan continues fighting against stagnation, U.S. and Europe has important problems of producing and growing. In a world like that all the countries are facing structural problems and ...

David Landes book, The Wealth And Poverty Of Nations: why some are so rich and some so poor is arguably the most hotly debated economic book of our time, which seeks to explain the rise of Europe and why some nations easily achieved immense economic success while others continued being mired in poverty. Landes comes out as a witty author who is rich in anecdotal evidence, an astonishing range of intellectual information and a piercing analysis in regard as to why some countries command a substantially amount of wealth and economic supremacy while others have been entangled lives of poverty for centuries. ...

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Complementary goods
* Convergence of technology: Work-flow hardware and software have combined in order to consolidate many different office and productivity functions into one machine. The creation of the personal computer has made it a word processor, typewriter, calculator, research machine and media creator all in one. The printer/scanner/copier has provided one machine from which to fax, print, scan and copy documents, providing added productivity to school papers or documents for work. This convergence also allowed for these products to become cheaper, allowing me to run a small business out of my home with just these two devices.

Horizontalization

* Cooperation with other ...