Mixed Fortunes An Economic History of China, Russia, and the West
Mixed Fortunes An Economic History of China, Russia, and the West
- ISBN 13:
9780198703631
- ISBN 10:
0198703635
- Format: Hardcover
- Copyright: 06/17/2014
- Publisher: Oxford University Press
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Summary
This book offers a new interpretation of the 'Great Divergence' and 'Great Convergence' stories. It explores how Western countries grew rich and why parts of the developing world (South and East Asia and the Middle East) did not catch up with the West from 1500 to 1950 but began to narrow the gap after 1950. It also examines why others (Latin America, South Africa, and Russia) were more successful at catching up from 1500 to 1950, but then experienced a slowdown in economic growth compared to other developing countries. Mixed Fortunes offers a novel interpretation of the rise of the West and of the subsequent development of 'the rest' and China and Russia, important examples of two groups of developing countries, are examined in greater detail.