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[12] [13] In their 1979 book, Peter Kriedte, Hans Medick and Jürgen Schlumbohm expanded the theory into a broad account of the transformation of European society from feudalism to industrial capitalism. They viewed proto-industrialization as part of the second phase in this transformation, following the weakening of the manorial system in the ...
The sprouts of capitalism, seeds of capitalism or capitalist sprouts are features of the economy of the late Ming and early Qing dynasties (16th to 18th centuries) that mainland Chinese historians have seen as resembling developments in pre-industrial Europe, and as precursors of a hypothetical indigenous development of industrial capitalism.
Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive reorganisation of an economy for the purpose of manufacturing . [ 3 ]
Because of Soviet assisted development, agricultural and industrial output value grew from 30% in 1949 to 56.5% in 1957, and heavy industry saw similar growth from 26.4% to 48.4%. [41] Therefore, the Soviet assistance in kickstarting industrialization was a key component in the larger process of Chinese industrialization, and economic ...
The term "late capitalism" was first used by the German social scientist Werner Sombart in a 1928 publication [12] after he had completed his three-volume magnum opus Der Moderne Kapitalismus ["Modern Capitalism"], which was published from 1902 through 1927 (only the first volume of Sombart's Modern capitalism has been translated into English so far. [13]
Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics. It wants to avoid normative politics and is focused on how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy.
Before it fell into decline, mercantilism was dominant in modernized parts of Europe and some areas in Africa from the 16th to the 19th centuries, a period of proto-industrialization. [3] Some commentators argue that it is still practised in the economies of industrializing countries [ 4 ] in the form of economic interventionism .
Uneven and combined development, unequal and combined development, or uneven development is a concept in Marxian political economy [1] intended to describe dynamics of human history involving the interaction of capitalist laws of motion and starting world market conditions whose national units are highly heterogeneous.