POL101Y1 Lecture 15: Lecture 15
20 Apr 2011
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Lecture 15: how the rest got r ich political economy 101. last lecture, the west got rich through a set of values. today"s lecture says getting rich has less to do with people and more to do with structure. hong kong is the freest economy in the world it is the most capitalist. There are three pillars to the hong kong economy: 1. In the 17th century, the dutch are the strongest economic power in the world. at the end of the 16th century the spanish economy begins to decline. The dutch economy r ises and it is the most multicultural. Amsterdam was the most multicultural city in the world and people all lived together in the interest of commerce. This brought global knowledge and ideas into one place. Industrial innovation -- this was before the era of steel.
