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3 - Economic Development in Historical Perspective

from PART I - PRINCIPLES AND CONCEPTS OF DEVELOPMENT

E. Wayne Nafziger
Affiliation:
Kansas State University
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Summary

Scope of the Chapter

To analyze the economics of developing countries, we need some basic facts about their growth and development, including an evolutionary biological approach to development, a sketch of economic development in ancient and medieval times (pre-15th century), world leaders in GDP capita from about 1500 to the present, the origins of modern economic growth and why it was largely confined to the West before the 20th century, non-Western (Japanese, Korean-Taiwanese, Soviet, and Chinese) growth models, the range of growth in the last 100 to 150 years, a concrete illustration of the power of exponential growth in North America in the last 125 years, the modern periods of fastest growth, the economic growth of Europe and Japan after World War II, the growth of LDCs before and after World War II, and the diverse economic performance among LDCs by country and world region. Finally, the U.N. General Assembly perceives today's major international problem as the widening income gap between rich and poor countries. Has income indeed widened, and is narrowing the gap an important goal? The last section draws on earlier sections to ask whether income levels between DCs and LDCs are converging or diverging.

An Evolutionary Biological Approach to Development

Chapter 13 argues against a naïve association between climate and human achievement but supports a more sophisticated ecological explanation.

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Publisher: Cambridge University Press
Print publication year: 2005

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