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Global Economic History: A Very Short Introduction
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rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment,
and mass education to prepare people for industrial work.
Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill
adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has
achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future.
ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
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Product details
- Paperback | 192 pages
- 126 x 174 x 14mm | 148g
- 15 Nov 2011
- Oxford University Press
- Oxford, United Kingdom
- English
- 15 black and white line drawings
- 0199596654
- 9780199596652
- 8,690
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Table of contents
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About Robert C. Allen
1450-1850 (2009), and Farm to Factory: A Re-interpretation of the Soviet Industrial Revolution (2003), both of which won the Ranki Prize of the Economic History Association.He is currently studying the global history of wages and prices and pre-industrial living standards around the world. He is a Fellow of
the British Academy and the Royal Society of Canada.
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