about global economy

The Ascension of Capital

The Ascension of Capital is an engrossing documentary that delves deep into the global economy and examines how wealth has maintained global facets of promoting change. The documentary spans many decades, spanning over 500 years, and discusses the problems that capital has faced as well as the rise of the global economy.

Niall Ferguson (2013)

Niall Ferguson (2013) examines the past of the financial economy, revealing how banking has become a central pillar of history. Indeed, historic sites are brought into sharper focus through Ferguson’s lens. Ferguson (2013) examines financial institutions and assists analysts in understanding the word money in his documentary.

Impact on Developing and Undeveloped Countries

Ferguson (2013) indicates that the financial issues, especially financial crises in developed nations often bring a huge burden on other countries, and in particular, those developing and undeveloped. For example, when fully developed countries such as the US and the UK face debt crisis, the world economy is affected due to lost confidence among the investors leading to systematic instability in finance. This brings forth accentuated financial interest accompanied by inflation, which create losses and subsequent slowed global economy. The other nations, especially those relying on developed countries suffer the blow as their financial system gets crippled.<\/p>

The Evolution of Money

Over time, the world economy has grown to rely on non-paper money. Non-paper money has enhanced the growth of the economy since it boost trade and ensures a 24/7 economy around the globe. For instance, online payments through online-banking systems have greatly increased trade and are driving the contextual world economy. In essence, continued evolution of money and the avenues to make payments have a significant impact on the world economy and are driving the economy of the globe.<\/p>

Reference

Ferguson, N. (2013, Nov 23). The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary. [Video File]. Retrieved from https://www.youtube.com/watch?v=fsrtB5lp60s