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When borders don't matter: development and global culture - Classical liberalism in crisis

8 important questions on When borders don't matter: development and global culture - Classical liberalism in crisis

What allowed businesses to communicate?

Transoceanic telegraph cables, extensive railroad networks, refrigerated container ships, and advanced logistics allowed businesses to communicate quickly across international borders and move goods cheaply and expeditiously to distant markets.

Which empires facilitated Europe?

With the formation of colonial empires in Africa, South Asia, and East Asia, Europe's great powers facilitated unprecedented levels of export-led growth, extracting primary materials from and selling finished products to colonial peoples around the world.

What did laissez-faire liberals insist?

As the level of economic interdependence increased around the world, laissez-faire liberals insisted that the good of the whole was best served by the individual's unhindered pursuit of economic self-interest.
The "natural law" of supply and demand would, over the long term, ensure balanced development and prosperity for all.

Why did countries erect high tariff bariers?

Countries erected high tariff barriers and set import quotas in an effort to protect domestic manufactures from overseas competition.

What did the capitalist West think economically in World War I?

Building upon precedents set during World War I, wartime governments in the capitalist West took steps to regulate key functions of their domestic economies, from wage controls, production quotas, and price fixing, to the mobilization of strategic resources and the rationing of consumer goods on the home front.
The idea that national governments might effectively plan a country's economic development had been anathema to classical liberalism, but the wartime emergency seemed to suggest that public intervention provided real benefits.

What public desire was there for the postwar world?

At the heart of this emerging consensus in the West was a public desire to build a postwar world where the establishment of economic justice was a fundamental duty of the democratic state.

What were the human costs in Stalin's Five Year Plans?

The widespread malnutrition, the brutal elimination of the kulaks, and the deliberate starvation of millions of Ukrainians who resisted forced collectivization.

What did labour leaders believe?

Labour leaders believed that government-owned industries could better mobilize human resources, encourage and invest in new technologies, practice efficiencies of scale, and make strategic decisions based on the wider public interest.

The question on the page originate from the summary of the following study material:

A Concise History of the World Since 1945 | 9781352010206 | W M Spellman

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