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Economic History Of India (1947–present)
Around 500 BC, the Mahajanapadas minted punch-marked silver coins. The period was marked by intensive trade activity and urban development. By 300 BC, the Maurya Empire had united most of the Indian subcontinent except Tamilakam, allowing for a common economic system and enhanced trade and commerce, with increased agricultural productivity. The Maurya Empire was followed by classical and early medieval kingdoms. The Indian subcontinent, due to its large population, had the largest economy of any region in the world for most of the interval between the 1st and 18th centuries. Maddison, Angus (2003): Development Centre Studies The World Economy Historical Statistics: Historical Statistics', OECD Publishing, , p. 261 Angus Maddison estimates that from 1-1000 AD India constituted roughly 30% of the world's Population and GDP. India experienced per-capita GDP growth in the high medieval era, coinciding with the Delhi Sultanate. By the late 17th century, most of the Indian subcont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kingdom Of Mysore
The Kingdom of Mysore was a geopolitical realm in southern India founded in around 1399 in the vicinity of the modern-day city of Mysore and prevailed until 1950. The territorial boundaries and the form of government transmuted substantially throughout the kingdom's lifetime. While originally a feudal vassal under the Vijayanagara Empire, it became a princely state in British Raj from 1799 to 1947, marked in-between by major political changes. The kingdom, which was founded and ruled for the most part by the Wadiyars, initially served as a feudal vassal under the Vijayanagara Empire. With the gradual decline of the Empire, the 16th-century Timmaraja Wodeyar II declared independence from it. The 17th century saw a steady expansion of its territory and, during the rules of Narasaraja Wodeyar I and Devaraja Wodeyar II, the kingdom annexed large expanses of what is now southern Karnataka and parts of Tamil Nadu, becoming a formidable power in the Deccan. During a brief ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Barrier
Trade barriers are government-induced restrictions on international trade. According to the comparative advantage, theory of comparative advantage, trade barriers are detrimental to the world economy and decrease overall economic efficiency. Most trade barriers work on the same principle: the imposition of some sort of cost (money, time, bureaucracy, quota) on trade that raises the price or availability of the traded product (business), products. If two or more nations repeatedly use trade barriers against each other, then a trade war results. Barriers take the form of tariffs (which impose a financial burden on imports) and non-tariff barriers to trade (which uses other overt and covert means to restrict imports and occasionally exports). In theory, free trade involves the removal of all such barriers, except perhaps those considered necessary for health or national security. In practice, however, even those countries promoting free trade heavily subsidize certain industries, such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Tape
Red tape is a concept employed to denounce excessive or redundant regulation and adherence to formal rules for creating unnecessary constraints on action and decision-making. The occurrence of red tape is usually associated with governments but also extended to corporations. While the term is intended to describe an institutional pathology, some organizational theorists have argued that the existence of practices seen as red tape may be beneficial, and others have pointed to difficulties with distinguishing red tape from legitimate procedural safeguards. Red tape is in excess of the necessary ''administrative burden,'' or cost to the public, of implementing government policies and procedures. This definition is also consistent with popular usage, which generally views red tape as negative. Red tape can hamper the ability of firms to compete, grow, and create jobs. Research finds red tape has a cost to public sector workers, and can reduce employee well-being and job satisfactio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Planning
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of India
India, officially the Republic of India, is a country in South Asia. It is the seventh-largest country by area; the most populous country since 2023; and, since its independence in 1947, the world's most populous democracy. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73 and 55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial India
Colonial India was the part of the Indian subcontinent that was occupied by European colonial powers during and after the Age of Discovery. European power was exerted both by conquest and trade, especially in spice trade, spices. The search for the wealth and prosperity of India led to the colonisation of the Americas after Christopher Columbus went to the Americas in 1492. Only a few years later, near the end of the 15th century, Portuguese sailor Vasco da Gama became the first European to re-establish direct trade links with India by being the first to arrive by circumnavigating Africa (). Having arrived in History of Kozhikode, Calicut, which by then was one of the major trading ports of the eastern world, he obtained permission to trade in the city from the Saamoothiri, Saamoothiris (Zamorins). The next to arrive Dutch India, were the Dutch, with their main base in Ceylon. Their expansion into India was halted after their defeat in the Battle of Colachel to the Travancore, Ki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western World
The Western world, also known as the West, primarily refers to various nations and state (polity), states in Western Europe, Northern America, and Australasia; with some debate as to whether those in Eastern Europe and Latin America also constitute the West. The Western world likewise is called the Occident () in contrast to the Eastern world known as the Orient (). Definitions of the "Western world" vary according to context and perspectives; the West is an evolving concept made up of cultural, political, and economic synergy among diverse groups of people, and not a rigid region with fixed borders and members. Some historians contend that a linear development of the West can be traced from Greco-Roman world, Ancient Greece and Rome, while others argue that such a projection constructs a false genealogy. A geographical concept of the West started to take shape in the 4th century CE when Constantine the Great, Constantine, the first Christian Roman emperor, divided the Roman Em ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University
Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyman John Harvard (clergyman), John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of Colonial history of the United States, colonial-era Massachusetts Bay Colony. While never formally affiliated with any Religious denomination, denomination, Harvard trained Congregationalism in the United States, Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. By the 19th century, Harvard emerged as the most prominent academic and cultural institution among the Boston B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey G
Jeffrey may refer to: * Jeffrey (name), including a list of people with the name *Jeffrey's, Newfoundland and Labrador, Canada *Jeffrey City, Wyoming, United States *Jeffrey Street, Sydney, Australia * Jeffreys Bay, Western Cape, South Africa Art and entertainment * ''Jeffrey'' (play), a 1992 off-Broadway play by Paul Rudnick * ''Jeffrey'' (1995 film), a 1995 film by Paul Rudnick, based on Rudnick's play of the same name * ''Jeffrey'' (2016 film), a 2016 Dominican Republic documentary film * Jeffrey's sketch, a sketch on American TV show ''Saturday Night Live'' *'' Nurse Jeffrey'', a spin-off miniseries from the American medical drama series ''House, MD'' People with the surname * Alexander Jeffrey (1806–1874), Scottish solicitor and historian * Carol Jeffrey (1898–1998), English psychotherapist, writer *Charles Jeffrey (footballer) (died 1915), Scottish footballer *E. C. Jeffrey (1866–1952), Canadian-American botanist *Grant Jeffrey (1948–2012), Canadian writer * He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deindustrialisation
Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. There are different interpretations of what deindustrialization is. Many associate American deindustrialization with the mass closing of automaker plants in the now so-called Rust Belt between 1980 and 1990. The US Federal Reserve raised interest and exchange rates beginning in 1979, and continuing until 1984, which automatically caused import prices to fall. Japan was rapidly expanding productivity during this time, and this decimated the US machine tool sector. A second wave of deindustrialization occurred between 2001 and 2009, culminating in the automaker bailout of GM and Chrysler. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.Kerwin Kofi Charles et al. (201The Transformation of Manufacturing an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vassal State
A vassal state is any state that has a mutual obligation to a superior state or empire, in a status similar to that of a vassal in the feudal system in medieval Europe. Vassal states were common among the empires of the Near East, dating back to the era of the Egyptian, Hittite, and Mitanni conflict, as well as in ancient China. The relationships between vassal rulers and empires were dependent on the policies and agreements of each empire. While the payment of tribute and military service was common amongst vassal states, the degree of independence and benefits given to vassal states varied. Today, more common terms are puppet state, protectorate, client state, associated state, or satellite state. Historical examples Ancient Egypt The reign of Thutmose III (1479 BC – 1425 BC) laid the foundations for the systems that functioned during the Amarna period of Egypt. Vassal states in the Levant became fully integrated in Egypt's economy with the construction of harbours †... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
