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Uneven World Development

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Centuries of Economic Endeavor: Parallel Paths in Japan and Europe and Their Contrast with the Third World. By PowelsonJohn P.. Ann Arbor: University of Michigan Press, 1994. Pp. xii, 483.

Published online by Cambridge University Press:  03 March 2009

E. L. Jones
E. L. Jones
Affiliation:
Melbourne Business School
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Extract

Every so often a maverick knight sets off into the dark forest looking for the Holy Grail of “why isn’t the whole world developed?” In this book, which has the heavy bibliographical armor of the genre and 40 pages of appendices too, John Powelson reports on his quest. He claims to have found in a concept called “power diffusion” a significant part of the answer to two related questions: why did the modem economy first appear in northwestern Europe and Japan, and what characteristics of those regions account for their ability to sustain economic growth? Growth is to him the serendipitous outcome of seemingly unconnected events, and he defines sustained growth as that which lasts a century or more.

Type
Review Article
Information
The Journal of Economic History , Volume 55 , Issue 3 , September 1995 , pp. 679 - 682
Copyright
Copyright © The Economic History Association 1995

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References

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