Growth and Interaction in the World Economy: The Roots of Modernity

In this study, Angus Maddison explores the causes of the West's economic growth over the last 2,000 years and contrasts it with the economic history of the rest of the world. Maddison explores the impact of Western conquest on the Americas and analyzes the indigenous and external forces that hindered advance in Asia and Africa. He debunks the notion that the Western ascension originated in the industrial revolution in England in the late eighteenth century. His unique analysis suggests that Western Europe overtook Chinese levels of per-capita income in the fourteenth century, in sharp contrast to the prevailing scholarship asserting that China was ahead of Europe until 1800. Growth and Interaction in the World Economy provides guidance on the broad contours of development, which complements qualitative analysis that, on its own, cannot clearly identify the timing and scope of economic changes.

Author: Angus Maddison
Publisher: AEI Press
Published: 12/28/2005
Pages: 93
Binding Type: Paperback
Weight: 0.33lbs
Size: 8.54h x 5.58w x 0.33d
ISBN13: 9780844771731
ISBN10: 0844771732
BISAC Categories:
- Business & Economics | Economic History
- Political Science | Political Economy
- Reference | General

About the Author
Angus Maddison is emeritus professor on the faculty of economics at the University of Groningen in the Netherlands and the author of numerous works on long-term economic growth, most recently The World Economy: Historical Statistics (OECD, 2004).