History Podcast

The podcast discusses the economic impact, social impact, and immigration in the 21st century. The economic impact is compared to the 19th century, where wars disrupted advancements. AI has changed the economy and social impact. GDPs have increased globally. The social impact requires economic development, efficiency, job creation, and innovation. Immigration has been significant, but there are concerns about rejecting refugees based on race. The host appreciates the discussion and is passionate about the topics. Hello, welcome back to the Time is Now podcast. I'm the host, Ruza Chamsky. Today we're going to be discussing three topics regarding the world and the 21st, the last three centuries. These topics include the economic impact, the social impact, and immigration. So my first topic that we're going to be discussing is the economic impact as the first segment. The first primary source that I have is from a reporter called Ann Kruger for the CNN, and her segment or the article that she posted was titled, The World Economy at the Start of the 19th Century and How It's Changed in Comparison to the 21st Century, which is the current century. So she basically stated that the IMF, she's a reporter for CNN, and she studied the IMF or gathered information from the International Monastery Fund, which basically said that a hundred years ago, the freest movement of commodities, services, and money in human history was ushering in a 20th century in the worldwide economy. In the preceding century, the world's economy and commerce had grown at a rate never before seen in human history, and so had the quality of living in Europe and North America, which is expected because between those time periods, the world went through the Industrial Revolution, which obviously, various people know about, but yeah. Moving on, she also mentioned that the expansion persisted for a little over a decade into the new century, before the First World War abruptly severed the commercial and financial connections, which is understandable because of the First World War, which was obviously devastating for the economic advancements for Europe and the world as a whole. It basically paused the world of commerce and economic investments as a whole. And then the foreign economy obviously disintegrated during the Great Depression era and remained fractured throughout the World War II, despite initial efforts to restore the situation to its pre-war level. So basically, what she's saying, she made comparisons between the world back then and how wars or internal conflicts disrupted advancements in the economic impact, which had a huge, huge effect on economies not only in Europe, but the world as a whole, because trade and other commercial activities, such as shipping certain goods through Europe, because Europe at that point had the greatest and most advanced ports, and they were the most technological advanced continent in that time period. Obviously, that's changed. Now in the 21st century, that happens to be North America. So since then, we have an invention in the technological aspect, AI. AI has basically changed not only the economic impact, but the social impact, which brings me to my second primary source, which comes from Mattia Romani from the World Economic Forum. And he stated that over the next five years, important green technology will be the turning point in rendering the viable in key industries, and a new era of development will commence. So basically, what he's saying is that the future of technology and the future of the economy and the social impact on not only the 21st century, but will symbolize really the biggest movement we have seen since industrial revolution, will basically signify how far the world has come since the revolution. Which also brings me to my second point is that since the 20th century, GDPs around the world have increased between 25 to 28% as a whole. Now this can mean various different things. However, it is a positive. It is nonetheless maybe the greatest achievement of our generation with each country, with countries as a whole receiving five to seven trillion dollars as a whole each year per country. Now more on the social impact. The social impact, which brings me to my secondary primary source regarding the social impact. This is an article or document by James Maninka, a MP in Britain, who released this document regarding the social impact. Individual communities and nations will all need to work simultaneously on two fronts. The first is keeping the momentum going in terms of economic development, efficiency, company vitality, investment in industry, technology and innovation, and creation of new job opportunities. In my opinion, I completely agree with James Maninka as he has stationed really good facts and really good points regarding the social impact on the world and how far it has come and how far it can go regarding what it can do to advance on its current stance. He said, if these things are achieved, the McKinsey Global Institute analyzes these shifts in 22 high-income countries across Asia, Europe and North America, which could potentially account for 57 percent of global income GDP could rise. Now, in my opinion, that is just staggering because of these so-called goals that he has set for us, this MP from the UK. It could potentially bring the world to a new era, a new era that, according to him, could increase GDPs around the world or around Asia, Europe and North America by 57 percent, which maybe doesn't sound high, 57 percent, but regarding GDPs, I think that would be the greatest achievement in our world so far. Moving on, over the course of our years or the past 200 years, North America has seen 11 million immigrants from all across the world arrive at their shores, specifically Ellis Island in New York. This was an island that over its 50-year run, more than 3,500 refugees perished and more than 120,000 were deported back to their homes and nations. People who were more likely becoming public offenses, such as unaccompanied minors, were detained at Ellis Island, which was a really popular and very esteemed destination for specifically Italian immigrants, not just Italian immigrants, but Europeans as a whole, or people coming from the Middle East and or Africa. Now, the island has seen maybe one of the worst conditions in human history, as yes, America is seen as this land of the free. However, what's happening in Ellis Island, it's a global tragedy, it's a human tragedy. Yes, America has accepted around 11 million accounted for Europeans in the period of the 20th century, which is obviously a great thing. However, recently, or not recently, during this time period, they did not release the fact that they have rejected or turned down various amounts of refugees fleeing war, such as the refugees in Syria and Afghanistan. By the way, I'm not really just signifying Ellis Island, I'm just using it as an example for immigration, because immigration is still happening. It's not an idea that was just in the 20th century. It's still happening now. And the fact that it's coming less, and it's becoming less and less throughout the years, is something that is worrying. Because it's not immigrants, it's not just immigrants who want to go for a better life, it's people that have nowhere else to go, choose to come to places like the US, like the UK, like Canada, like Europe, or Brazil, or anywhere, that they're being rejected just because of the race. And because of this, what shocked me was that countries, such as various first world countries, rejected refugees from Afghanistan, Syria, Yemen, all war-torn countries in the Middle East and Africa, like Somalia, and various other African countries in West Africa and East Africa. They rejected them due to overpopulation or not being able to house them in their country, which is fair enough. Fair enough. You can house them, you can't house them. That's not a problem. But why in 2022, when Ukraine had a war with Poland, and the US and UK, were happily to take them in their own homes, not make new homes. They were willing, people were volunteering to let Ukrainians, Ukrainian refugees in their own homes, which is what should happen. Because a refugee... It brings me to my second source. It's from the BBC, which issued a statement from an Arab journalist. Thank you so much for tuning in. I really had a great time talking about this podcast. I'm talking about something I'm passionate about, like the economy and the issues with inflation, and to be able to distinguish differences and compare and contrast what happened prior and after the industrial revolution, and also concerns that are not only back then, but are still concerns in the present day. So I really appreciate it, and thank you.