Globalization is the phenomenon of improved integration of the world economy as evidenced by the growth of international trade. Modern colonization/re-colonization means capturing the territory via the utilization of capital and materials through the legal power without in fact showing a capture...

Adam Smith proposed three contradictory theories of the British Empire in the Wealth of Nations. The first view holds that the empire was created for merchants eager to monopolize the colonial trade. Smith concludes that “Great Britain derives nothing but loss” from the colonies. In the...

Why did the most prosperous colonies in the British Empire mount a rebellion? Even more puzzling, why didn't the British agree to have American representation in Parliament and quickly settle the dispute peacefully? At first glance, it would appear that a deal could have been reached to share...