Global Economic History: A Very Short Introduction (Very Short Introductions) por Robert C. Allen

October 16, 2018

Global Economic History: A Very Short Introduction (Very Short Introductions) por Robert C. Allen

Titulo del libro: Global Economic History: A Very Short Introduction (Very Short Introductions)

Autor: Robert C. Allen

Número de páginas: 193 páginas

Fecha de lanzamiento: September 15, 2011

Editor: OUP Oxford

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Robert C. Allen con Global Economic History: A Very Short Introduction (Very Short Introductions)

Global Economic History: A Very Short Introduction (Very Short Introductions) por Robert C. Allen fue vendido por £6.47 cada copia. El libro publicado por OUP Oxford. Contiene 193 el número de páginas.. Regístrese ahora para tener acceso a miles de libros disponibles para su descarga gratuita. El libro está disponible en PDF, epub, audiolibros y muchos más formatos. El registro fue libre.

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.

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