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Global economic history : a very short introduction / Robert C. Allen.

By: Allen, Robert C, 1947-.
Material type: TextTextSeries: Very short introductions: 282.Publisher: Oxford ; New York : Oxford University Press, 2011Description: xiv, 170 p. : ill. ; 18 cm.ISBN: 9780199596652; 0199596654.Subject(s): Economic history | Economic indicatorsDDC classification: 330.9 Other classification: NW 2000
Contents:
The great divergence -- The rise of the West -- The Industrial Revolution -- The ascent of the rich -- The great empires -- The Americas -- Africa -- The standard model and late industrialization -- Big Push industrialization.
Summary: 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. -- Book Description.
List(s) this item appears in: Very Short Introductions
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Item type Current location Call number Status Date due Barcode
Book University of Texas At Tyler
Stacks - 3rd Floor
HC51 .A56 2011 (Browse shelf) Available 0000002148955

Includes bibliographical references (p. 154-162) and index.

The great divergence -- The rise of the West -- The Industrial Revolution -- The ascent of the rich -- The great empires -- The Americas -- Africa -- The standard model and late industrialization -- Big Push industrialization.

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. -- Book Description.

Author notes provided by Syndetics

Robert C. Allen is Professor of Economic History at Oxford Univeristy and a Fellow of Nuffield College. He has written on English agricultural history, international competition in the steel industry, the extinction of whales, andt he contemporary policies on education. His articles have won the Cole Prize, the Redlich Prize, and the Explorations Prize. His previous books include Enclosure and the Yeoman: The Agricultural Development of the South Midlands,1450-1850 (2009), and Farm to Factory: A Re-interpretation of the Soviet Industrial Revolution (2003), both of which won the Ranki Prize of the Economic History Association.He is currently studying the global history of wages and prices and pre-industrial living standards around the world. He is a Fellow ofthe British Academy and the Royal Society of Canada.

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