How the World Got Rich: The Historical Origins of Economic Growth – Koyama Mark, Rubin Jared – Gaidar Institute Publishing House – 2024 – ISBN 978-5-93255-667-2
How the World Got Rich: The Historical Origins of Economic Growth
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How the World Got Rich: The Historical Origins of Economic Growth
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Most people alive today are much richer than their ancestors. Humanity has acquired almost all of its wealth in the last two centuries. How did this happen? How did the world become rich?
Mark Koyama and Jared Rubin examine the many theories of why modern economic growth occurred when and where it did. They discuss recently emerging theories based on geography, politics, culture, demography, and colonialism. Each of these theories helps to explain just some of the key events on the road to modern wealth. Why did the Industrial Revolution begin in eighteenth-century Britain? Why did some European countries, the United States, and Japan catch up with its growth rate in the nineteenth century? Why did it take other countries until the turn of the 20th and 21st centuries? Why are some still lagging behind? Koyama and Rubin show that it is possible to make assumptions based on the past about how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is no single recipe. A society's past, its institutions and culture play a determining role in its development.
Mark Koyama and Jared Rubin examine the many theories of why modern economic growth occurred when and where it did. They discuss recently emerging theories based on geography, politics, culture, demography, and colonialism. Each of these theories helps to explain just some of the key events on the road to modern wealth. Why did the Industrial Revolution begin in eighteenth-century Britain? Why did some European countries, the United States, and Japan catch up with its growth rate in the nineteenth century? Why did it take other countries until the turn of the 20th and 21st centuries? Why are some still lagging behind? Koyama and Rubin show that it is possible to make assumptions based on the past about how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is no single recipe. A society's past, its institutions and culture play a determining role in its development.
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