Cover; Copyright; Contents; Preface; Acknowledgements; 1. Introduction; PART I History and economic development; 2. The Great Divergence: an account of the growth miracles and growth debacles since AD 1000; 3. Theories of root causes of economic progress; 4. Empirical evidence; 5. Root causes of economic progress: a unifying framework; PART II Promoting growth in the current environment: evidence and policies; 6. Institutions and trade: competitors or complements in economic development; 7. Improving institutions with trade policy: myth or a possibility
8. Which institutions matter most for economic growth?9. Making policy work: a road map for future growth; Data appendix; References; Index
Summary
In this fascinating book, Sambit Bhattacharyya presents a detailed account of the socio-economic processes that create broad variations in living standards across the globe. The author examines the world's economic history over the last five centuries, replete with growth miracles and growth debacles: growth in Britain was steady, yet China lost her early advantage; North America settler colonies performed significantly better than those of Asia and Africa; Australia and Argentina were notably similar at the start of the twentieth century but delivered strikingly different growth outcomes. The
Bibliography
Includes bibliographical references (pages 184-197) and index
