TTC Video Foundations of Economic Prosperity
Description
Prosperity has changed the world. Defined as the ability to afford goods and services beyond basic necessities, prosperity is now a way of life for most residents of developed countries.—
Only two centuries ago, most people lived at the level of subsistence, on the edge of poverty or near it, as the overwhelming majority had from prehistoric times. Then the Industrial Revolution began,which led to a surge in per capita income. Today it is still rising.
But the story of prosperity is not simple, but complete. Many people in developed countries are afraid that their children will not be more prosperous than them. Meanwhile, new economic giants such as China and Brazil enjoy year after year of rapid growth and constantly rising standards of living. Elsewhere in the world, millions of people are trapped in poverty.
Whether at the individual level, national or global level, promoting and maintaining economic prosperity goes far beyond economics.:
Why is prosperity unevenly distributed?
Why is the road to prosperity not predictable?
What, if anything, can we do to save more people from poverty?
The foundation for economic prosperity is Daniel W. Fletcher, a professor at the prestigious Fletcher School of law and Diplomacy at Tufts University.In a 24-hour lecture taught by Drezner, professor Drezner, our day to you, Professor Drezner dispels some common myths about prosperity and takes you behind the headlines and into discussions to get a deeper truth.
In this exciting, wide-ranging course, Professor Drezner shows that achieving prosperity involves more than the economy. Psychology, Sociology, Political Science and history also come into play. By taking such a broad view, he provides fundamental insights into how the modern world works and the opportunities of the United States, Europe, China and other major economies.
Mysteries and myths of prosperity
The basis of economic prosperity begins with the description of the basic economic concept. These apply to an increasingly broad sphere that covers individuals, nations, and prosperity on a global scale. This prosperity is surprising and difficult to understand, including those of Professor Drezner who surrounds the mystery of the address:
Why England? The Industrial Revolution began in England, but other countries were also preparing for change, so scholars disagreed about the reasons. Was England’s position in world politics a key factor? Or that institution? One theory argues that Britain’s unique demographics gave them a decisive edge.
Some countries are as fundamentally different in prosperity as North and South Korea: the mystery of the two Koreas. But both have the same natural resources, ethnicity and culture. For the first 25 years of its existence, the two countries showed strikingly similar growth patterns. What made it so dramatic?
Easterlin’s paradox:the controversial findings by economist Richard Easterlin show there is no correlation between prosperity and well-being in developed countries. How accurate is this conclusion? Does the effect change with the level of abundance? How much happiness and money to buy?
In his quest to uncover the principles that guide the accelerated improvement of material life, Professor Drezner also discusses the widely believed myths about prosperity.:
Myth-China is prosperous:China is economically powerful, but the view that it is prosperous is wrong. By some different criteria, China is still a developing country, and with a measure of per capita income, health, education and other prosperity, Jamaica, Turkmenistan, Belarus, and the United States are the most prosperous countries.
Mythological character is everything:individual behavior is of great importance, but people can not fully control their own economic destiny. The situation in the country and the world is important. For example, Steve Jobs was not about Apple computer in the country is educational opportunities and technology infrastructure.
Myth-prosperity is self-sustaining:once achieved, the idea that prosperity is self-sustaining is a misconception. Many factors can derail prosperity, from a pandemic to a financial crisis. Professor Drezner uses Argentina as a case study of a once-prosperous country.
Success and failure
The foundation of economic prosperity follows dozens of Case Histories that explain what does work and what does not work in the drive to increase economic growth. In another lesson from the past, Professor Drezner argues, Professor Drezner argues that the economic policies that confined European merchants to growth-killing trade practices from the 16th to the 18th centuries, such as the image-building culture of Easter Island, which prospered centuries ago until its huge public works efforts destroyed the ecosystem of the island.
You will also learn about the following interesting examples of victory or lost prosperity:
The Dutch tulip mania of 1637 saw the value of a single tulip bulb rise to 45 times the per capita income of the Netherlands. Prices soon crashed in boom/bust scenarios that have been replayed many times, including the”dot-com”bubble of 1999-2000 and the housing bubble that led to the financial crisis of 2008.
Globalization: the trend towards an integrated global economy is not a recent phenomenon. The age of globalization, which began in the 1850s and ended in the first World War, has changed much more dramatically than today’s, such as communications, transportation, increased productivity, and financial innovation.
After the collapse of the Soviet Union, many economists predicted a bright economic future for Ukraine: political and economic prosperity. The blunders made by that politician show the enormous power of the state to get things wrong.
You can use prosperity tips.
How can individuals take advantage of the long-term trend of prosperity growth and distribution? Professor Drezner, who has experience in the US Treasury and the RAND Corporation, as well as extensive overseas travel and consulting experience beyond academia, suggests that he emphasizes, for example, that development since 1980 has been more about the importance of human capital than physical capital. Human capital is the product of all forms of education, from primary education, to employment training, to undergraduate and graduate studies, and is more important than ever for the economic prospects of a person.
Take TTC Video Foundations of Economic Prosperity at Whatstudy.com
More Info: Click to preview
Course Features
- Lectures 0
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Language English
- Students 168
- Assessments Yes
1 Comment
“We create this shop with the mission: Bring the courses to 500 millions of people in the world,
to help them awake their power and change their life”