This book analyzes the nature of growth in advanced capitalist countries which account for half of the world GDP, using a standardized framework of comparative growth accounts. It identifies the causal factors responsible for the unprecedented growth in sixteen countries. Illuminating current economic issues in advanced capitalist countries, the author contributes to their collective economic history, and augments the evidence for the study of economic growth and its dynamics.
"Very comprehensive; an excellent complementary source to the new literature on endogenous growth; contains excellent lecture materials."--Walter Park,
American University"Prof. Maddison does a masterful job of combining a wealth of data with cogent and wise analysis. This book is a model of what enlightened Economic History should be."--Dr. Edward Stuart,
Northeastern Illinois University