Global Economic History: A Very Short Introduction by Robert C. Allen (Paperback, 2011)

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Allen shows how the industrial revolution was Britain's path-breaking response to the challenge of globalization. Together these countries pioneered new technologies that have made them ever richer.

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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. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Product Identifiers

PublisherOxford University Press
ISBN-139780199596652
eBay Product ID (ePID)109310048

Product Key Features

Number of Pages192 Pages
Publication NameGlobal Economic History: a Very Short Introduction
LanguageEnglish
SubjectEconomics
Publication Year2011
TypeTextbook
AuthorRobert C. Allen
SeriesVery Short Introductions
FormatPaperback

Dimensions

Item Height174 mm
Item Weight148 g
Item Width126 mm

Additional Product Features

Country/Region of ManufactureUnited Kingdom
Title_AuthorRobert C. Allen

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