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Does democracy stifle economic growth?

TED Talks Economist Yasheng Huang compares China to India, and asks how China's authoritarian rule contributed to its astonishing economic growth -- leading to a big question: Is democracy actually holding India back?

 

This compelling TedTalk explores the links between economic development and governmental style, oversight and influence.  While the speaker mainly discusses politics and economics in the context of China and India, Pakistan, Russia, North and South Korea are all mentioned.      


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Matt Mallinson's comment, November 21, 2012 11:11 AM
Democracy can stifle economic growth. War will definitely stifle economic growth. North Korea doesn't look like they're going to stop fighting South Korea, if only they would combine their lands, they would probably be a much better nation as one.
Jacob Crowell's curator insight, December 15, 2:17 PM

For Americans the idea that democracy can be anything but sunshine and rainbows is a hard pill to swallow. There is evidence that supports the contrary. Although democracy has the moral high ground, authoritative governments can grow at a faster rate because it does not have to address resistance where democracy fosters debate and dissent. In India, millions of people will not agree on everything and therefore progress can be slow going. 

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China's One-Child Policy

China's One-Child Policy | Classwork Portfolio | Scoop.it

"In 1979, the National Population and Family Planning Commission in China enacted an ambitious program that called for strict population control. Families in various urban districts are urged to have only one child—preferably a son—in order to solve the problems related to overpopulation. What has happened since then and what are its implications for the future of China?"  This is an excellent infographic for understanding population dynamics in the world's most populous country. 


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Yuanyuan Kelly's curator insight, March 4, 2013 9:27 AM

A really cool infograph regarding China's one child policy!

Brett Sinica's curator insight, November 29, 2013 2:26 PM

This was a cool graphic to explain the basics of the birth policies in China.  As a country, it is respectable for them to try and control their global footprint and growth within the country, yet some of the measures that are taken to achieve or sustain them are slightly questionable.  One of the graphics displayed having one child compared to more than one, which were have the chance of being followed by fines, confiscations of belongings, and even job loss.  In a sense, by having more (a child) they actually get less (money, goods, respect).  The goal of reducing the birth rates had actually worked since it was put in place, though it didn't come without some sort of an expense of the citizens.

Jacob Crowell's curator insight, December 15, 2:04 PM

Very simple and easy to interpret graph on the One child policy in China. When thinking about the "has it been successful" section I was troubled. Yes the government came close to its goal of 1.2 Billion but do so they prevented 400 million births. So its successful because they almost hit the mark but at what costs? Natal policies can leave countries without enough people to repopulate the workforce, we have to keep this in mind. Controlling population is a dangerous project.. 

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Shanghai: 1990 vs. 2010

Shanghai: 1990 vs. 2010 | Classwork Portfolio | Scoop.it

Globalization has hit...hard and fast. 


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Lauren Stahowiak's curator insight, April 14, 6:35 PM

Shanghai has transformed and globalized so quickly in the last twenty years that it doesn't even look like that same place. Skies that were once seen are now blocked by skyscrapers. Buildings that still remain are overpowered and do not stand out like they once did.

James Hobson's curator insight, November 21, 7:02 PM

(East Asia topic 1)

Present-day Shanghai appears as if it could pass as New York city to the untrained eye. These photos show how globalization affects a city physically, but other aspects are impacted by globalization as well. Many megacities find themselves growing away from their origins: ways of life, employment opportunities, languages & dialects, ethnic background, and cultural traditions all find themselves fending off the incoming competition. However, there is a bright side: in many cases that which is lost from or changed in on place can find itself thriving in another - the same mechanism which brought about the original change in the first place. One could argue that 'Chinatowns' and 'Little Italy's are common examples, just as Western traits are transforming Eastern cities.

Jacob Crowell's curator insight, December 15, 1:25 PM

100 years ago this type of development would have taken generations to complete. In the post industrial age we can see that in a mere 20 years a city can be completely transformed.

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Hiroshima after the Atomic Bomb

Hiroshima after the Atomic Bomb | Classwork Portfolio | Scoop.it
360° panoramic photography by Harbert F. Austin Jr.. Visit us to see more amazing panoramas from Japan and thousands of other places in the world.

 

The interactive panorama is eerily compelling...this is a haunting image. 


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Cam E's curator insight, April 8, 11:26 AM

The thing that always stumps me about pictures after bombings and other disasters is the reason why some things are left standing. Here we see buildings destroyed and utterly annihilated as far as the eye can see, yet the telephone poles are still standing in some areas. The picture can't capture the true scope of the destruction, but it also shows how destruction is a bit random in its own way.

Lauren Stahowiak's curator insight, April 14, 6:32 PM

This panoramic photograph shows the devastation of Hiroshima after the Atomic Bomb. Everything in sight is destroyed. Houses and poles that were lucky enough to still be standing are even lost causes. 

Jacob Crowell's curator insight, December 15, 2:10 PM

These images are chilling and sad. The United States is the only country to ever use the Atomic Bomb on another country, a status I am not proud of. We can see why for 60 years people lived in constant fear during the Cold War. Also some would argue that the Atom Bomb has prevented world wars since WWII. It makes you fearful of the one leader who has access to A bombs and chooses to use them.

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Industrial geography and internal markets

China's reputation as a low-cost manufacturer hasn't translated into low-cost prices. Many goods, particularly luxury items, have higher price tags in China than abroad. One economist blames the transportation system and corruption.

 

Industrial geography in today's climate shows that China has clear economic advantages over most of the world to manufacture good cheaply.  Why would this not necessarily translate to cheap consumer goods for China's domestic market?  High taxes, steep internal shipping costs and a market flooded with knock-offs all contribute to this paradox. 


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Matt Mallinson's comment, November 19, 2012 11:08 AM
To be honest I always thought items were made cheap in China due to all the items I see with the "Made in China" tag. This was interesting to me and definitely gave me knowledge on the topic.
Meagan Harpin's curator insight, October 9, 2013 1:29 PM

Almost everyone knows that products are cheaper to produce in China which is why so many of our products are manufactured there today. BUt one may think that would mean it was cheap for Chinese consumers to purshase as well right? Surprisingly no, it actually costs more for them. This is because the country has a high transportation fee and the government is corrupt, CHina also has a very high tax on their products. But because of the major price differences much of the Chinese population purchases their products while traveling overseas.   

Marissa Roy's curator insight, December 5, 2013 1:37 PM

Although the products we buy from China are cheap for us, it is not necessarily cheap for the ones making it. The tax on goods in China is very expensive. It is also because the government is plagued with corruption, and that is where the taxes come in. It is suprising that many cannot afford the goods they make.