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A Very Short Introduction • Latest Edition

A Very Short Introduction | Social Science
Global Economic History

ISBN: 9780199546039

Series: A Very Short Introduction

Global Economic History (Social Science)

A Very Short Introduction Global Economic History (Social Science) Media > Books > Non-Fiction > Education Books Expect Delays of Up to 4 Weeks
A Very Short Introduction
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A Very Short Introduction
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OXFORD
EDITION

Latest Edition

AGE RANGE

Adults

PAGES

192

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Age Range: Adults
Robert C. Allen
Published by Oxford University Press
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ISBN

9780199546039 (10-digit ISBN: 0199546037)

Author(s):

Robert C. Allen

  • Description
  • Key Features
  • Series Description
  • Table of Contents
  • 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.
    • Takes a global look at the wealth and economic history of countries around the world
    • Uses historical examples to show the strengths and weaknesses of state intervention in the economy
    • Considers the various factors that influence economic growth, including culture, institutions, technology, the natural environment, income distribution, and the standard of living
    • Exposes the historical processes that have created the unequal world we live in today
    • Considers recent developments such as the 'great divergence' debate and empricial studies of economic growth by economists

    Oxford's Very Short Introductions series offers concise and original introductions to a wide range of subjects--from Islam to Sociology, Politics to Classics, Literary Theory to History, and Archaeology to the Bible.

    Not simply a textbook of definitions, each volume in this series provides trenchant and provocative--yet always balanced and complete--discussions of the central issues in a given discipline or field. Every Very Short Introduction gives a readable evolution of the subject in question, demonstrating how the subject has developed and how it has influenced society. Eventually, the series will encompass every major academic discipline, offering all students an accessible and abundant reference library.

    Whatever the area of study that one deems important or appealing, whatever the topic that fascinates the general reader, the Very Short Introductions series has a handy and affordable guide that will likely prove indispensable.

    Please note: As this series is not ELT material, these titles are not subject to discount.

    1: The great divergence
    2: The rise of the west
    3: The industrial revolution
    4: The ascent of the rich
    5: The great empires
    6: The Americas
    7: Africa
    8: The standard model and late industrialization
    9: Big push industrialization
    Epilogue

  • Description
  • Table of Contents
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.

Key Features

  • Takes a global look at the wealth and economic history of countries around the world
  • Uses historical examples to show the strengths and weaknesses of state intervention in the economy
  • Considers the various factors that influence economic growth, including culture, institutions, technology, the natural environment, income distribution, and the standard of living
  • Exposes the historical processes that have created the unequal world we live in today
  • Considers recent developments such as the 'great divergence' debate and empricial studies of economic growth by economists

Series Description

Oxford's Very Short Introductions series offers concise and original introductions to a wide range of subjects--from Islam to Sociology, Politics to Classics, Literary Theory to History, and Archaeology to the Bible.

Not simply a textbook of definitions, each volume in this series provides trenchant and provocative--yet always balanced and complete--discussions of the central issues in a given discipline or field. Every Very Short Introduction gives a readable evolution of the subject in question, demonstrating how the subject has developed and how it has influenced society. Eventually, the series will encompass every major academic discipline, offering all students an accessible and abundant reference library.

Whatever the area of study that one deems important or appealing, whatever the topic that fascinates the general reader, the Very Short Introductions series has a handy and affordable guide that will likely prove indispensable.

Please note: As this series is not ELT material, these titles are not subject to discount.

1: The great divergence
2: The rise of the west
3: The industrial revolution
4: The ascent of the rich
5: The great empires
6: The Americas
7: Africa
8: The standard model and late industrialization
9: Big push industrialization
Epilogue

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