Conditions of the Industrial Revolution in Britain relevant to contemporary developing economies?
Lucas Huibers-Professor Jung-Michael-POL 201Y1-Tuesday November 5th-999740945
The Industrial Revolution was vital for the development of Britain in the late 18th century and the beginning of the 19th century. Analysts continue to ask what conditions brought about the Industrial Revolution as they believe recreating those conditions might generate economic development in contemporary economies. The three factors that proved most prominent in Britain’s ascension were: colonial influence on markets, numerous effective government market interventions, and the cultural advantages that Protestantism bestowed upon British society. These conditions are still relevant for developing economies to take into account. As modern colonialism is apparent, disguised as free trade, it acts as the detriment and the cause to the lack of development of an autarkic economy. Effective state intervention, the beneficial condition to a developing economy, acts as a bulwark to the dependent relationships fostered under ‘free trade’. The culture effect is beneficial and relevant because it allows for state intervention to be effectively operated; countering the effects that the ‘free trade’ system imposes on peripheries. The beginning of this paper will devote itself to discussing the effects of these conditions in Britain. The latter will discuss how these conditions are capable of having an influence on contemporary developing economies.
During the 18th and 19th centuries, colonialism was a reoccurring theme across the European continent. Compared to the French, the British effectively manipulated the goals of colonization. The British did so by focusing on economic gains rather than territorial accession and political polarization. This manipulated form of colonization emphasized the importance of economic success. Through this manipulation and operation of colonialism focusing on economic gains, the global market was created.
The Nigerian colony between 1900-1930, gave rise to the
The Industrial Revolution was vital for the development of Britain in the late 18th century and the beginning of the 19th century. Analysts continue to ask what conditions brought about the Industrial Revolution as they believe recreating those conditions might generate economic development in contemporary economies. The three factors that proved most prominent in Britain’s ascension were: colonial influence on markets, numerous effective government market interventions, and the cultural advantages that Protestantism bestowed upon British society. These conditions are still relevant for developing economies to take into account. As modern colonialism is apparent, disguised as free trade, it acts as the detriment and the cause to the lack of development of an autarkic economy. Effective state intervention, the beneficial condition to a developing economy, acts as a bulwark to the dependent relationships fostered under ‘free trade’. The culture effect is beneficial and relevant because it allows for state intervention to be effectively operated; countering the effects that the ‘free trade’ system imposes on peripheries. The beginning of this paper will devote itself to discussing the effects of these conditions in Britain. The latter will discuss how these conditions are capable of having an influence on contemporary developing economies.
During the 18th and 19th centuries, colonialism was a reoccurring theme across the European continent. Compared to the French, the British effectively manipulated the goals of colonization. The British did so by focusing on economic gains rather than territorial accession and political polarization. This manipulated form of colonization emphasized the importance of economic success. Through this manipulation and operation of colonialism focusing on economic gains, the global market was created.
The Nigerian colony between 1900-1930, gave rise to the