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development and underdevelopment (the world economy: a millennial…
development and underdevelopment
the world economy: a millennial perspective
intro
from 1000 the reopen economies grew that they surpassed the other economies b 1500
by 1820 it produced that of the rest of the world
the long -term pattern is one of divergence rather than convergence
findings
in 1000 europe was poorer than china for instance but that time is a nadir. europe became more prosperous, the italian city states in the 11th century initiated the trade
europe overtook chia in the 14th century
Japan was an exception to the asian growth in general: i the 17th, 18th and the beginning of the 19th century it caught up with China and surpassed it.
result
what qualitative research does not reveal
usually people date the ascension from europe from 1500 onwards
Weber saw the link to protestantism back then
there was no sudden takeoff in 1760 or from then onward as Kuznets suggests
two main views
view 1
postulate that europe was already rich before the industrial revolution. This view is reflected by Landes (1969)
view 2
Bairoch -> assessment of relative income per head and concluded that china was well above europe in 1800
Introduction
the gap is widening. However, within poor countries the gap is becoming bigger but within big countries that is not the case.