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The English East India Company (EIC): Trade with Asia
The Mughal emperor Shah Alam hands a scroll to Robert Clive, the governor of Bengal, which transferred tax collecting rights in Bengal, Bihar and Orissa to the East India Company. Illustration: Benjamin West (1738–1820)/British Library INTRODUCTION The English East India Company (EIC) was an innovative new type of corporation. It is a model for the…
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The English East India Company (EIC): Model for Future Multinational Corporations?
INTRODUCTION The English East India Company (EIC) was an innovative new type of corporation. It was not only a multinational corporations but it was created to exploit the profit potential of global trade. It might be a model for how a multinational corporation (MNC) could survive and prosper in an increasingly chaotic and hostile geopolitical…
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Adam Smith’s Pin Factory
Adam Smith – Our Founding Father ADAM SMITH VISITS A PIN FACTORY Adam Smith’s description of a pin factory is on the first page of The Wealth of Nations. (Chapter 1 – “Of the Division of Labour”) Drawings of pin factories of this period show workers using hand tools. Smith says the process can be broken down…
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Introduction to Demographics and Global Population Projections
OVERVIEW Much of this is taken from the summary of the longer and more detailed Global Demographics and Population Projections This is a summary and overview of the demographics and population projection essays on this blog (links below). The world is at the beginning of a major shift in population, from large population increases…
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Demographics and Economic Growth
The Future Manufacturing Labor Force SUMMARY This post is a summary of some of the themes of previous posts on demographic and population projections, with an emphasis on how demographics impact economic growth. See bibliography at the end of this post. For a list of all blog posts on a wide variety of topics,…