Generally speaking, the paper "History Business Issues" is a perfect example of a business assignment. Technological development spurred the increase of cross-border trade, investment and migration. This opened a new phase in economic development as the volume of world trade increased significantly. Development of technology and especially in the medical sector enabled most European countries to be in a position of resisting diseases such as malaria. Technology also promoted the industrial revolution for example people were able to acquire raw materials more easily as the means of extracting the materials were improved.
Development of technology and transportation improved a means of colonial possessions in the metropolitan for example in railway and the use of telegraphy (Edelstein, 1994). According to March and Beamish (1919), the development of medical treatment was effective as it enabled colonial powers to achieve their goals in the colonies for example by acquiring raw materials, improvement of markets and trade as a result of the improved transport system. Industrialisation began in the 18th century where people were using a steam engine to pump water from the mines. Development of new technology, therefore, made mining more attractive, especially to private developers.
The most important technological feature in the years before 1914 was carrying trade. This was brought about by the spread of steam power which eventually introduced new business opportunities as a result of an increase in speed and capacity. Technology also made rubber a commercial commodity which improved growth in the international economy. 2. Why did overseas capital investment grow so rapidly in the decades from 1870-1914? In analysing the strong capital flows during 1870-1913 and the social-economic determinant, it is important to note that these changes were as a result of saving and investment global behaviour.
Capital flows were as a result of various factors including those of the British and the macro-environment. Fromkin (1998) argues that one of these factors includes the political environment and the demographic and economic condition in Europe. These conditions allowed huge migrations, therefore, bringing up change in the global equilibrium for the saving-investment relationship. The other reason was where excess saving practised by the British enabled to improve global savings requirements which made the capital investment to exceed form Britain towards overseas countries.
The population structure and the exploitation of capital-intensive activities contributed to the introduction of strong demand for saving. The surprising flow of capital from Britain in the period 1870-1913 is also connected to the global imbalances. This is also linked to exchanges that could be produced by the international system. The capital flows were also as a result of a change in the international system which brought up the demand for excess saving in Britain. As a result, British investors were able to use their savings and diversification brought about by the high forces in the international system (Fromkin, 1998). 3.
To which countries did Chinese workers migrate in the period 1819-14? Why did they migrate, where did they come from, and what was their impact in the recipient countries? The Chinese workers migrated to U. S and Africa and are now entrepreneurial in nature. The reasons for their migration include institutional discrimination for example in their hometowns, the Chinese citizens had been entitled to basic rights and other social services however after leaving their place of residence, and they were regarded as second class citizens.
Ge et al. (2005) describe that they would be given harsh jobs and poor wages for example at the coal mines, in construction sites and in factories. The other factor that led to the migration of workers was due to work-related injuries and illness.