2011. 1st Edition. Paperback. 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. Series: Very Short Introductions. Num Pages: 192 pages, 15 black and white line drawings. BIC Classification: KCZ. Category: (G) General (US: Trade). Dimension: 173 x 114 x 10. Weight in Grams: 150. . . . . .

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Bibliographic Details

Title: Global Economic History: A Very Short Introduction
Publisher: Oxford University Press
Publication Date: 2011
Language: English
ISBN 10: 0199596654
ISBN 13: 9780199596652
Binding: Soft cover
Edition: 1st Edition
Condition: New

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Synopsis

Why are some countries rich and others poor? In 1500, global income differences were small, but disparities have grown dramatically since Columbus reached America. In this Very Short Introduction, Robert C. Allen shows how the interplay of geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. Allen shows how 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, 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, creating banks to stabilize the currency and mobilize domestic savings for investment, and promoting mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. A few countries--Japan, Soviet Russia, South Korea, Taiwan, and perhaps China--have caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through coordinated investment.

About the Author

Robert C. Allen is Professor of Economic History at Oxford University. He is a fellow of the British Academy.

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