Showing posts with label industrialization. Show all posts
Showing posts with label industrialization. Show all posts

Friday, 22 January 2016

5 videos that reveal the human impact on Earth

NASA is synonymous with space exploration, bringing to Earth awe-inspiring images of our solar system and the universe.

Recently, NASA started looking back home by creating the Landsat program, a series of satellites that continuously circle our planet, keeping an eye on how the human species is altering the Earth's surface.

Using Google Earth Engine, Illah Nourbakhsh and Randy Sargent from Carnegie Mellon University put together five sobering time-lapse videos showing the drastic changes our planet has gone through in a relatively short period of time.

  1. The climate crisis
  2. The race for resources
  3. The future of forests
  4. Asia’s industrialization
  5. Water

View them

Thursday, 21 January 2016

The Making of an Economic Superpower -- Unlocking China’s Secret of Rapid Industrialization

The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China’s rise. This article argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China’s growth miracle and why the determined rise of China is unstoppable despite its current “backward” financial system and political institutions. Conversely, China’s spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory as well as mainstream “blackboard” economic models, and provides more-accurate reevaluations of historical episodes such as Africa’s enduring poverty trap despite radical political and economic reforms, Latin America’s lost decades and frequent debt crises, 19th century Europe’s great escape from the Malthusian trap, and the Industrial Revolution itself.

Full Report (180 pages)