Economic Growth

19th Century Urbanization Essay

Travelling and transporting goods were very inconvenient before railroads were built in 19th-century. According to Stephen Slavin, “Before railroads, shipping a ton of goods 400 miles could easily quadruple the price. But by rail, the same ton of goods could be shipped in a fraction of the time and onetwentieth of the cost. “1. These … Read more

History of Chinese Economic Growth

This has led to many changes within China like higher living standards and a Eng process of arbitration that are also having their own positive effects on economic growth. The growth that China has experienced was due to a long process of incremental reforms starting in 1978 that have transitioned China from a planned economy … Read more