Labor, Democratization and Development in India and Pakistan

Are the differences between the euro zone’s shaky periphery and its more stable core too great to overcome? The film follows this case which rocked city hall, stirred the national press and resulted in the re-writing of gun policy for LAPD officers. c1980. 59 min. Here are some helpful hints to get you started. Questions of Industrial Scale in the British Economy and British Economic Growth: 1870 - 1914: a) The role of Free Trade and the Gold Standard: i) You are advised consider here the possibly negative role of both Free Trade and Laissez Faire in preventing the British from engaging in industrial cartels, which together, as we saw, were principal agents of a dramatic increase in industrial scale in several industries not only in Germany, but also in France and Russia. ii) Note that in Germany, France, and Russia the state fostered the growth of cartels and large-scale industries not only through protective tariffs (see Russia' Mendeleyev Tariff) but also by law and judicial institutions, which upheld the validity of cartel contracts, which were illegal in Free Trade Britain. iii) A free-trade anomaly: internal free trade, as see saw last term, with the Industrial Revolution, and especially with the early transportation revolutions � canals and the early railroads � in achieving market unification did promote larger industrial scales: iv) in having a few large national firms serve the entire national market, instead of dozens of small regional firms serving their own local markets, protected by �the tariff of bad roads' b) The role of banking institutions: ii) and the virtual absence of investment banks in the British economy, until the mid 20th century. c) The mainstays of the British economy from 1870 to 1914 remained those already seen: ii) British supremacy in world trade and finance was in part the product of its supremacy in shipbuilding, gained only after 1870, but lost after World War I. iii) Shipbuilding, shipping, and finance (banking, insurance, overseas investments) together provided the most powerful force for growth and prosperity in the British Victorian economy of this era. a) a veritable revolution in consumer goods :was the associated and equally important aspect of economic and social change in the British economy from the 1870s to World War I, and thus during the so-called 'Great Depression' era, i) both their production and distribution. ii) The tertiary sector, for merchandising, and distribution is equally important. b) Causes of the Consumer Goods Revolution: i) the product of the two related factors just discussed: (1) the sharp rise in real wages and real incomes, and (2) increased levels of literacy with advances especially in primary education. c) Consequences of these two factors: i) Thus, given that the major factor in the rise of real incomes was the sharp fall in the cost of foodstuffs, for which demand is relatively inelastic, (1) that change permitted most of British society to spend far more of their disposable incomes on other consumer goods, (2) those that constituted this revolution: e.g., a wide range of new electrical goods and appliances, sewing machines, bicycles, and later, also automobiles, cameras, telephones, machine made clothing and footwear, packaged consumer goods, and a wide variety of paper publications: books, newspapers, magazine, journals. ii) That latter aspect � the importance of the variety of print media � of course reflects as well the improvements in mass literacy, mass education. d) The Revolution in the Tertiary Sector: mass merchandising i) This Consumer Goods Revolution would not have been possible without a related revolution in the tertiary sector: marketing and distribution. (1) the introduction of French-style department and chain stores, iii) That mass advertizing in turn depended on the development of the paper-publishing industries: book, journals, magazine, newspapers, flyers, etc., for such advertizing, in turn necessary for mass marketing. iv) Both thus involved a leap-forward in scale economies for marketing and distribution. 2.

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