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The subject is constructed in late modernity against the backdrop of a fragmented world of competing and contrasting identities [6] and lifestyle cultures. [7] The framing matrix of the late modern personality is the ambiguous way the fluid social relations of late modernity impinge on the individual, producing a reflexive and multiple self. [8]
A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as: Early / monopoly / state monopoly capitalism ; Free trade / monopoly / finance capitalism
Starting from around 2000, economists Yang Xiaokai and Lin Yifu had a famous academic debate about "backward disadvantage" and "backward advantage", [10] and their debate was essentially about whether the economic development of late-developing countries should take the path of institutional imitation or technological imitation. [11]
Economic growth, the increase in the amount of the goods and services produced by an economy over time; Input-output model, a quantitative economic technique that represents the interdependencies between different branches of a national economy or different regional economies
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Some researchers typify the end of the Late Modern period by the concerns for the environment which began in 1950, as this marks the end of modern confidence about humanity's domination of the natural world. [5] The Postmodern era is the economic or cultural state or condition of society which is said to exist after modernity.
Eight years later, the ownership of the channel was privatized and its name was changed to The Learning Channel. It showcased documentaries on a variety of topics, like "Paleoworld" and "Amazing ...
The economic side of Sen's work can best be categorized under welfare economics, which evaluates the effects of economic policies on the well-being of peoples. Sen wrote the influential book Development as Freedom which added an important ethical side to development economics .