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The Great Divergence Reconsidered - Europe, India, and the Rise to Global Economic Power (Hardcover)
Loot Price: R2,554
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The Great Divergence Reconsidered - Europe, India, and the Rise to Global Economic Power (Hardcover)
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In stark contrast to popular narratives, The Great Divergence
Reconsidered shows that Europe's rise to an undisputed world
economic leader was not the effect of the Industrial Revolution,
and cannot be explained by coal or colonial exploitation. Using a
wealth of new historical evidence stretching from the seventeenth
to the twentieth century, Roman Studer shows that this 'Great
Divergence' must be shifted back to the seventeenth century, if not
earlier. Europe was characterized by a more powerful transportation
system, bigger trade flows, larger and better integrated markets,
higher productivity levels, and superior living standards even
before the Industrial Revolution brought about far-reaching
structural changes and made Europe's supremacy even more
pronounced. While the comparison with Europe draws significantly on
India, the central conclusions seem to hold for Asia - and indeed
the rest of the world - more generally. An interplay of various
factors best explains Europe's early and gradual rise, including
better institutions, favorable geographical features, increasing
political stability, and increasingly rapid advances in science and
technology.
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