2min chapter

VoxTalks Economics cover image

S5 Ep52: How empires rise, and how they fall

VoxTalks Economics

CHAPTER

The End of Empires

Premodern empires were more rent-seeking and extractive rather than facilitating trade. This changed during the 19th century when modern empires emphasized trade, facilitation and cross-border investment. Would things have turned out the same way without that anti-colonial struggle would the empires have fallen anyway? Absolutely. Just as industrialization diffuses, so does also the knowledge and institutions of modern statecraft.

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