Consuming, Radical Reform and Unifying Economy
Neologism #10, 24.04.2022
Why you should consider using RSS
RSS provides you with control over the content you consume. It aggregates the content you’re interested in in a single place. It’s a simple way to get a streamlined feed of content that caters to your interests only.
A very universal advice, easy to implement (all informations in the article), which is becoming more and more important in the current algorithmic, monopoly-dominated internet. I have personally used RSS every day for many years.
The Consequences Of Radical Reform
The evidence suggests that areas that were occupied by the French and that underwent radical institutional reform experienced more rapid urbanization and economic growth, especially after 1850. There is no evidence of a negative effect of French invasion. Our interpretation is that the Revolution destroyed (the institutional underpinnings of) the power of oligarchies and elites opposed to economic change; combined with the arrival of new economic and industrial opportunities in the second half of the 19th century, this helped pave the way for future economic growth. The evidence does not provide any support for several other views, most notably, that evolved institutions are inherently superior to those 'designed'; that institutions must be 'appropriate' and cannot be 'transplanted'
The success of the French reforms raises the question: why did they work when other externally-imposed reforms often fail? Most likely this is because the reforms were much more radical than is typically the case. The French reformed simultaneously in many dimensions and weakened the powers of local elites, making a return to the status quo ante largely impossible. Even when some pre-revolution elites returned to power after 1815, there was a permanent change in the political equilibrium. This scope and radicalism of the French reforms are common with the post-war reform experiences in Germany and Japan and stand in contrast with many other reform experiences.
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Europe's Plan to Unify its Economy
The Blue Banana is Europe's first economic corridor. As well as being home to Europe's main financial and political centres, it was the first place where economic integration took place in the European single market. Now other economic corridors are emerging outside of the bloc and the European Union is financing infrastructure Giga-Projects as part of the Trans-European Transport Programme. They to connect the economies of its different member states. These economic corridors are connecting Europe together, providing new opportunities for European and International Trade, particularly with Africa.
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