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.
George Washington didn't like the idea of political parties. He called them "factions" and warned against them.
Explanation:
- George Washington in his farewell of Presidental address, advised American citizens that they should avoid political parties.
- He also said them to view it as a cohesive unit. George Washington felt that political parties will bring many risks to the government.
- He felt it will give power to the authority how as it and not to the people. It will not bring any benefits to the government and the country.
He believed that the Arabic Numeral System was more efficient than the Roman Numeral System.
He also believed that his system, named the Fibonacci Sequence, occurred throughout nature in processes like evolution and even the distances of the planets from the sun (which is crazy). There's still debate on whether it really applies or not, but the number of things things people have found that do work is immense.
Answer:
Pretty sure they Gased them
Answer:
A ban on trade
Explanation:
Take the embargo on Cuba, for example.
