History
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Adam Smith and Eighteen-Century Economic Globalization: Free Market Principles Are Still Topical in the Twenty-First Century
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OUTLINE 1.0 Introduction………………………………………………………………………………….2
1.1 Adam Smith’s Revolutionary Ideas on Improving Economics…………………………2
1.2 The Wealth of Nations. Fundamental Solutions Leading To Economic Improvement and Progress…………………………………………………………………………………….3 1.2.1 Technological Innovations…………………………………………………………….3 1.2.2 The Principles and Stimuli of Free Markets…………………………………………4 1.2.3 Significance of Free Markets as demonstrated by Smith: The beginning of a New Era…………………………………………………………………………………………..4 1.2.4 The Threshold of Economic Change………………………………………………..5 1.2.5 The Laissez- Faire Policy of Leaving Entrepreneurs Alone……………………….5 1.2.6 Smith’s Prophecy on Division of Labor as a Significant Value of Globalization…6 1.2.6 Market Capital Extensions and other issues related to Globalization…………….7
1.3 Smith’s Prognosis on the Future’s Anticipated Results………………………………..7
1.4 Progress of Globalization from the 18th century to 21st century in Relation to Smith’s Concepts…………………………………………………………………………………………8 1.4.1 The Success of Smith’s Notions: Positive Improvements………………………….8 1.4.2 The Failures’ of Smith’s Notions: Negative Aftermaths…………………………….8
1.5 Conclusion: Restoration of the world’s Economic Balance…………………………….9
REFERENCES…………………………………………………………………………………10
Adam Smith and Eighteen-Century Economic Globalization: Free Market Principles Are Still Topical in the Twenty-First Century 1.0 INTRODUCTION
Economic theories from the past have shown to have higher impacts on the improvements and developments on the modern societies. Economic theories have greatly facilitated the growth of societies by assisting them on reaching to their current state as informational societies leading to the current global globalization. Therefore economic theories and
Adam Smith and Eighteen-Century Economic Globalization: Free Market Principles Are Still Topical in the Twenty-First Century
Name:
Course code:
Tutor’s Name:
Date:
OUTLINE 1.0 Introduction………………………………………………………………………………….2
1.1 Adam Smith’s Revolutionary Ideas on Improving Economics…………………………2
1.2 The Wealth of Nations. Fundamental Solutions Leading To Economic Improvement and Progress…………………………………………………………………………………….3 1.2.1 Technological Innovations…………………………………………………………….3 1.2.2 The Principles and Stimuli of Free Markets…………………………………………4 1.2.3 Significance of Free Markets as demonstrated by Smith: The beginning of a New Era…………………………………………………………………………………………..4 1.2.4 The Threshold of Economic Change………………………………………………..5 1.2.5 The Laissez- Faire Policy of Leaving Entrepreneurs Alone……………………….5 1.2.6 Smith’s Prophecy on Division of Labor as a Significant Value of Globalization…6 1.2.6 Market Capital Extensions and other issues related to Globalization…………….7
1.3 Smith’s Prognosis on the Future’s Anticipated Results………………………………..7
1.4 Progress of Globalization from the 18th century to 21st century in Relation to Smith’s Concepts…………………………………………………………………………………………8 1.4.1 The Success of Smith’s Notions: Positive Improvements………………………….8 1.4.2 The Failures’ of Smith’s Notions: Negative Aftermaths…………………………….8
1.5 Conclusion: Restoration of the world’s Economic Balance…………………………….9
REFERENCES…………………………………………………………………………………10
Adam Smith and Eighteen-Century Economic Globalization: Free Market Principles Are Still Topical in the Twenty-First Century 1.0 INTRODUCTION
Economic theories from the past have shown to have higher impacts on the improvements and developments on the modern societies. Economic theories have greatly facilitated the growth of societies by assisting them on reaching to their current state as informational societies leading to the current global globalization. Therefore economic theories and
References: Antonelli, Cristiano. Handbook of the Economic Complexity of Technological Change.Northampton, MA: Edward Elgar Publishing, 2011. Print. Burbach, Roger, Fiona Geffris and William I. Robinson. Globalization and Postmodern Politics: From Zapatistas to High-Tech Robber Barons. London, UK: Pluto Press, 2001. Print. Coupland. N, Handbook of Language and Globalization, Oxford printing press, 2010.Print Gospel, Howard F. Industrial Training and Technological Innovation: A Comparative and Historical Study. New York, NY: Taylor & Francis, 2010. Print. Greaves, Bettina Bien.Free Market Economics: A Syllabus. Auburn, AL: The Ludwig von Mises Institute, 2007. Print. Jenewein, Klaus. Intellectual Property Management: The Role of Technology-Brands in the Appropriation of Technological Innovation. New York, NY: Springer, 2005. Print. Nayak, Satyendra. Globalization and the Indian Economy: Roadmap to Convertible Rupee. New York, NY: Routledge, 2008. Print. Tomasi, John. Free Market Fairness. Princeton, NJ: Princeton University Press, 2012. Print.