Chapter 1 review
Because of the rise of the rest, the world has encountered its third shift of global power in the history of the Modern World. The rise of the Western World was given precisely at the moment of the Renaissance and the Enlightenment, when classic knowledge was rediscovered. The importance of the 3 rises is immensely important to the development of modern society.
Besides the rise of the rest, Zachariah imposes his opinion on what should be done and what is going on in the global economy. Many countries economies are doubling over short periods of time, while the world superpowers, like Germany, the USA, and Canada, are slowly growing. Modern times have been changed by the rise of the rest because in the future and now, the world economies will grow through the modern development techniques paved by economies like that of the USA. Because of the globalization of the economy, the world was changed beforehand by the British Empire, when they literally owned the seas and expanded to the New World. Their offspring later to be known as the United States developed even more what are economic and political theories.
Because global economies are now aligning, the world will be increasingly be more dependent on the many countries which make up the economy. The change and drainage of power has also corrupted many men, a great example Maddoff in the crisis of 2008. When an economic boom occurred in Asia, the rise of the rest was triggered. Outsourcing was crucial in this operation, for it employed over 2 billion people in a short period of time, increasing the fluidity of money through the reaches of the economy. The rise has not only helped economies, it has raised many people out of poverty. It has also turned GDP into not a very resourceful point of n economy, because of overall populations compared to the amount of money earned per person. It has always been important to maintain global economic stability, and because of so...