Discussion non economic development essay

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Discussion non economic development essay

In fact, as J.

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The wealth of the ancient city-states of Venice and Genoa was based on their powerful navies, and treaties with other great powers to control trade. This evolved into nations designing their trade policies to intercept the wealth of others mercantilism.

Occasionally one powerful country would overwhelm another through interception of its wealth though a trade war, covert war, or hot war; but the weaker, less developed countries usually lose in these exchanges.

It is the military power of the more developed countries that permits them to dictate the terms of trade and maintain unequal relationships. As European and American economies grew, they needed to continue expansion to maintain the high standards of living that some elites were attaining in those days.

This required holding on to, and expanding colonial territories in order to gain further access to the raw materials and resources, as well exploiting cheap labor. Those who resisted were often met with brutal repression or military interventions.

This is not a controversial perception. President Woodrow Wilson recognized this in the early part of the 20th century: Since trade ignores national boundaries and the manufacturer insists on having the world as a market, the flag of his nation must follow him, and the doors of the nations which are closed against him must be battered down.

Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process. Colonies must be obtained or planted, in order that no useful corner of the world may be overlooked or left unused. Richard Robbins, Professor of Anthropology and author of Global Problems and the Culture of Capitalism is also worth quoting at length: The Great Global Depression of that lasted essentially until was the first great manifestation of the capitalist business crisis.

The depression was not the first economic crisis [as there had been many for thousands of years] but the financial collapse of revealed the degree of global economic integration, and how economic events in one part of the globe could reverberate in others.

Given this situation, if you were an American or European investor inwhere would you look for economic expansion?

Discussion non economic development essay

The obvious answer was to expand European and American power overseas, particularly into areas that remained relatively untouched by capitalist expansion — Africa, Asia, and the Pacific.

Colonialism had become, in fact, a recognized solution to the need to expand markets, increase opportunities for investors, and ensure the supply of raw material. In Rhodes said: I was in the East End of London yesterday and attended a meeting of the unemployed.

I listened to the wild speeches, which were just a cry for breadbread, and on my way home I pondered over the scene and I became more than ever convinced of the importance of imperialism.

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