Skip to main content Accessibility help
×
Home
Hostname: page-component-768ffcd9cc-s8fcc Total loading time: 0.913 Render date: 2022-12-05T19:42:13.610Z Has data issue: true Feature Flags: { "useRatesEcommerce": false } hasContentIssue true

Introduction to Volume II

Published online by Cambridge University Press:  03 June 2021

Stephen Broadberry
Affiliation:
University of Oxford
Kyoji Fukao
Affiliation:
Hitotsubashi University, Tokyo
Get access

Summary

This book seeks to provide an overview of the modern world economy since 1870, dealing with the material in such a way as to give due weight to chronology, regional balance, and coverage of the main topics. It forms part of a two-volume publication, with the first volume taking the story from 1700 to 1870. Volume II begins in 1870 because by then modern economic growth had emerged in Britain and already spread to much of the rest of western Europe and the British offshoots in the New World (the United States, Canada, Australia, and New Zealand), and was poised to begin in Asia, following the institutional reforms in Japan associated with the Meiji Restoration of 1868. There was thus a great potential during the period after 1870 for closing the gap in living standards that had opened up between the West and the rest of the world. Although many more countries embarked on the process of sustained modern economic growth between 1870 and 2001, the gap nevertheless continued to grow during the long twentieth century, as catching up proved elusive (Maddison 2005: 11). By 2001, the world was nearly seven times richer than it had been in 1870, but the gains were unevenly distributed, with the West growing by a factor of nearly 12, while the rest of the world grew by a factor of less than 6.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Abramovitz, M. (1979). ‘Rapid Growth Potential and its Realisation: The Experience of the Capitalist Economies in the Postwar Period’, in Malinvaud, E. (ed.), Economic Growth and Resources: Proceedings of the Fifth World Congress of the International Economic Association, Vol. I, London: Macmillan, 151.Google Scholar
Abramovitz, M. (1986). ‘Catching-Up, Forging Ahead and Falling Behind’, Journal of Economic History, 46, 385406.CrossRefGoogle Scholar
Baumol, W. J. (1986). ‘Productivity Growth, Convergence and Welfare: What the Long Run Data Show’, American Economic Review, 76, 10721159.Google Scholar
Broadberry, S. (1998). ‘How Did the United States and Germany Overtake Britain? A Sectoral Analysis of Comparative Productivity Levels, 1870–1990’, Journal of Economic History, 58, 375407.CrossRefGoogle Scholar
Chandler, A. D. Jr. (1990). Scale and Scope: The Dynamics of Industrial Capitalism, Cambridge, MA: Harvard University Press.Google Scholar
Crafts, N. F. R. and Venables, A. J. (2003). ‘Globalization in History: A Geographical Perspective’, in Bordo, M., Taylor, A. M. and Williamson, J. G. (eds.), Globalization in Historical Perspective, Chicago University Press, 323364.CrossRefGoogle Scholar
Feldstein, M. and Horioka, C. (1980). ‘Domestic Saving and International Capital Flows’, Economic Journal, 90, 314329.CrossRefGoogle Scholar
Fukao, K., Bassino, J.-P., Makino, T., Paprzycki, R., Settsu, T., Takashima, M., and Tokui, J. (2015). Regional Inequality and Industrial Structure in Japan: 1874–2008, Tokyo: Maruzen Publishing.Google Scholar
Gerschenkron, A. (1962). Economic Backwardness in Historical Perspective, Cambridge, MA: Harvard University Press.Google Scholar
Krugman, P. (1994). ‘The Myth of Asia’s Miracle’, Foreign Affairs, 73(6), 6278.CrossRefGoogle Scholar
Krugman, P. and Venables, A. (1995). ‘Globalization and the Inequality of Nations’, Quarterly Journal of Economics, 110, 857880.CrossRefGoogle Scholar
Maddison, A. (2001). The World Economy: A Millennial Perspective, Paris: Organisation for Economic Co-operation and Development.CrossRefGoogle Scholar
Maddison, A. (2005). ‘Measuring and Interpreting World Economic Performance 1500–2001’, Review of Income and Wealth, 51, 135.CrossRefGoogle Scholar
Maddison, A. (2010). ‘Statistics on World Population, GDP and Per Capita GDP, 1–2008 AD’, Groningen Growth and Development Centre, www.ggdc.net/MADDISON/oriindex.htm (accessed 29 September 2020).Google Scholar
Maddison Project Database, version 2013. Bolt, J. and van Zanden, J. L. (2014). ‘The Maddison Project: Collaborative Research on Historical National Accounts’, Economic History Review, 67, 627651.Google Scholar
North, D. C., Wallis, J. J., and Weingast, B. R. (2009). Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History, Cambridge University Press.CrossRefGoogle Scholar
Obstfeld, M., Shambaugh, J. C., and Taylor, A. M. (2005). ‘The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility’, Review of Economics and Statistics, 87, 423438.CrossRefGoogle Scholar
O’Rourke, K. H. and Williamson, J. G. (1999). Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy, Cambridge, MA: MIT Press.CrossRefGoogle Scholar
Prados de la Escosura, L. (2012). ‘Output per Head in Pre-Independence Africa: Quantitative Conjectures’, Economic History of Developing Regions, 27(2), 136.CrossRefGoogle Scholar
Prados de la Escosura, L. (2015). ‘World Human Development: 1870–2007’, Review of Income and Wealth, 61, 220247.CrossRefGoogle Scholar
Sachs, J. D. and Warner, A. (2001). ‘The Curse of Natural Resources’, European Economic Review, 45, 827838.CrossRefGoogle Scholar
Solow, R. (1957). ‘Technical Change and the Aggregate Production Function’, Review of Economics and Statistics, 39, 312320.CrossRefGoogle Scholar
UNDP (United Nations Development Programme) (1990). World Development Report, New York: Oxford University Press.Google Scholar
Veblen, T. (1915). Imperial Germany and the Industrial Revolution, New York: Macmillan.CrossRefGoogle Scholar
Young, A. (1995). ‘The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience’, Quarterly Journal of Economics, 110, 641680.CrossRefGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×