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katrin [286]
3 years ago
10

How does Lin describe economic relations between Britain and China? Which country benefits the most according to his view? Why i

s this important to his argument against the import of opium?
History
1 answer:
amm18123 years ago
7 0

Justin Yifu Lin is a Chinese economist who is the author of the book "The Quest for Prosperity: How Developing Economies Can Take Off".

In his papers, Lin describes how the China, which many centuries ago was forced to enter a trade with Great Britain after the Opium Wars and was solely seen as a sourcing point, now faces a completely different reality in regards to commercial relations with the British.

The Chinese, whose strength relies on their massive and relatively cheap labor force, understood that the key to development was in acquiring knowledge that would let them thrive in the creation of their own industries. This process has been ongoing throughout the second half of the 20th century until nowadays, as British Enterprises set operations in Chinese Soil, employing Chinese citizens who would eventually benefit from all the knowledge they received. This process has resulted in the creation and incredible growth of global enterprises such as Hayer or Huawei.

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Explain the basic organization of the federal government and the underlying principles behind why the founders created this form
garri49 [273]
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1) The executive branch (aka the president)
2) The legislative branch (aka Congress)
3) The judicial branch (aka the Supreme Court).

This form of government was created to ensure that no one individual had too much power. One of the most significant reasons why America became independent in the first place was due to a corrupt British government in which colonists believed King George III had too much power and did not consider the needs of the citizens. This is why the founders created a system in which the citizens elect members of the legislative and executive branch.

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Alika [10]

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Explanation:

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2 years ago
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algol [13]

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im guessing u meant the board game

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Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination.

Sources of monopoly power include economies of scale, capital requirements, technological superiority, no substitute goods, control of natural resources, legal barriers, and deliberate actions.

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