Why Europe Grew Rich and Asia Did Not provides a striking new answer to the classic question of why Europe industrialised from the late eighteenth century and Asia did not. Drawing significantly from the case of India, Prasannan Parthasarathi shows that in the seventeenth and eighteenth centuries, the advanced regions of Europe and Asia were more alike than different, both characterized by sophisticated and growing economies. Their subsequent divergence can be attributed to different competitive and ecological pressures that in turn produced varied state policies and economic outcomes. This account breaks with conventional views, which hold that divergence occurred because Europe possessed superior markets, rationality, science, or institutions. It offers instead a groundbreaking rereading of global economic development that ranges from India, Japan and China to Britain, France, and the Ottoman Empire and from the textile and coal industries to the roles of science, technology, and the state.

In a challenge to the widespread belief that poverty and poor living standards have been characteristic of India for centuries, Prasannan Parthasarathi demonstrates that, until the late eighteenth century, laboring groups in South India were in a powerful position, receiving incomes well above subsistence. It was with the rise of colonial rule, the author maintains, that the decline in their economic fortunes was initiated. This is a powerful revisionist statement on the role of Britain in India that will interest students of the region, and economic and colonial historians.

Examining the domestic politics of imperial expansion these essays question the role of the Industrial Revolution and British imperial leadership beyond the issue of hierarchy and The Great Divergence. This volume brings together leading global economic historians to honour Patrick O'Brien's contribution to the establishment of global economic history as a coherent and respected field in the academy. Inspired by O'Brien's seminal work on the British Industrial Revolution as a global phenomenon, these essays expand the role of the Industrial Revolution and British imperial leadership beyond the issue of hierarchy and The Great Divergence. The change from the protective Atlantic empire, 1650-1850, to the free trade empire of the last half of the long nineteenth century is elaborated as are the conscious efforts of the free trade empire to develop markets and market economies in Africa. British domestic politics associated with the change and the continuation to the recent politics of Brexit are fascinatingly narrated and documented, including the economic rationale for imperial expansion, in the first instance. The narrative continues to the crises of globalization caused by the world wars and the Great Depression, which forced the free trade British Empire to change course. Further, the effects of the crises and the imperial reaction on the East African colonies and on New Zealand and Australia are examined. Given current concerns about the environmental impact of economic activities, it is noteworthy that this volume includes the environmental impact of globalization in India caused by the free trade policy of the British free trade empire.

Why Europe Grew Rich and Asia Did Not provides a striking new answer to the classic question of why Europe industrialised from the late eighteenth century and Asia did not. Drawing significantly from the case of India, Prasannan Parthasarathi shows that in the seventeenth and eighteenth centuries, the advanced regions of Europe and Asia were more alike than different, both characterized by sophisticated and growing economies. Their subsequent divergence can be attributed to different competitive and ecological pressures that in turn produced varied state policies and economic outcomes. This account breaks with conventional views, which hold that divergence occurred because Europe possessed superior markets, rationality, science, or institutions. It offers instead a groundbreaking rereading of global economic development that ranges from India, Japan and China to Britain, France, and the Ottoman Empire and from the textile and coal industries to the roles of science, technology, and the state.

According to widespread belief, poverty and low standards of living have been characteristic of India for centuries. Challenging this view, Prasannan Parthasarathi demonstrates that, until the late eighteenth century, labouring groups in South India, those at the bottom of the social order, were in a powerful position, receiving incomes well above subsistence. The decline in their economic fortunes, the author asserts, was a process initiated towards the end of that century, with the rise of colonial rule. Building on revisionist interpretations, he examines the transformation of Indian society and its economy under British rule through the prism of the labouring classes, arguing that their treatment by the early colonial state had no precedent in the pre-colonial past and that poverty and low wages were a product of colonial rule. The book promises to make an important contribution to the economic history of the region, and to the study of colonialism.