Discusses the opportunities, merits, and methods of investing in "sectors," or industry groups with similar fundamental characteristics

In this insightful work, Hobson delves into the crucial matter of industrial progress during a time of revolutionary change. The profound and complex effects of such progress on poverty and society were highly discussed, even at the time, but often with little focus on viable solutions. Hobson, however, masterfully tackles this issue with practicality and depth, leaving aside the divisive question of whether the industrial revolution was beneficial or detrimental. Through this pragmatic approach, Hobson provides valuable insights into possible remedies for the societal challenges arising from rapid industrialization, making this book a must-read for anyone interested in the intersection of economics and social progress.

John Atkinson Hobson (1858 – 1940) was an English social scientist and economist most famous for his work on imperialism—which notably had an influence on Vladimir Lenin—as well as his theory of underconsumption. His early work also questioned the classical theory of rent and predicted the Neoclassical "marginal productivity" theory of distribution. In his 1891 work “Problems of Poverty”, Hobson explores the subject of poverty and the industrial condition of the poor, looking at such factors as the introduction of machinery, women workers, moral considerations, law, and much more. This volume will appeal to those with an interest in the history of European industrial development, and it is not to be missed by fans and collectors of Hobson's seminal work. Contents include: “The Measure of Poverty”, “The Effects of Machinery on the Condition of the Working Class”, “The Influx of Population into Large Towns”, “'The Sweating System'”, “The Causes of Sweating”, “Remedies for Sweating”, “Over-supply of Low-skilled Labour”, “The Industrial Condition of Women-workers”, etc. Many vintage books such as this are becoming increasingly scarce and expensive. We are republishing this volume now in an affordable, modern, high-quality edition together with an excerpt from “Imperialism, The Highest Stage of Capitalism” by V. I. Lenin.

Asia is widely regarded as having benefited most from the dynamic growth effect of the recent wave of globalization. By examining mechanisms at work in the globalization–poverty nexus through specific case studies reflecting different settings, the book seeks to find ways to rediscover and resume a pattern of shared growth in Asia.