Global economic history very short intro

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The gap between the rich and the poor can be vast. Robert C. Allen considers the main factors that contribute to this gap, looking at the interconnections between economic growth, culture, technology, and income distribution. Exploring the historical processes that have created the unequal world of today, he takes a global look at wealth worldwide.



Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain's path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment, and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

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Very Short Introductions - Global Economic History

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Why are some countries rich and others poor in 1500 the income differences were small but they have grown dramatically since columbus reached america since then the interplay between geography globalization technological change and economic policy has determined the wealth and poverty of nat Direct beschikbaar .. MEER INFO

The Industrial Revolution

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The industrial revolution was one of the great transforming events of world history robert c allen explains what happened during this period and why he asks why the revolution occured in britain rather than other countries and looks at the impact of changing technology and business organizatio Uiterlijk 5 december in huis .. MEER INFO

VSI Economics

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Economics has the capacity to offer us deep insights into some of the most formidable problems of life and offer solutions to them too combining a global approach with examples from everyday life partha dasgupta reveals the connections between economics politics and development and shows how t Uiterlijk 5 december in huis .. MEER INFO

Taal: en

Bindwijze: Paperback

Oorspronkelijke releasedatum: 15 september 2011

Aantal pagina's: 170

Illustraties: Nee

Hoofdauteur: Robert C. Allen

Hoofduitgeverij: Oxford University Press

Editie: 1

Extra groot lettertype: Nee

Product breedte: 112 mm

Product hoogte: 10 mm

Product lengte: 172 mm

Studieboek: Ja

Verpakking breedte: 111 mm

Verpakking hoogte: 15 mm

Verpakking lengte: 172 mm

Verpakkingsgewicht: 238 g

EAN: 9780199596652

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