1. How the West Became Rich: Stylized Facts and Literature Review -- 2. Why Did the West Become Rich First? Why Are Some Developing Countries Catching Up, But Others Are Not? -- 3. Chinese and Russian Economies Under Central Planning: Why the Difference in Outcomes? -- 4. Chinese and Russian Economies Since Reforms: Transformational Recession in Russia and Acceleration of Growth in China -- 5. Growth Miracles and Failures: Lessons for Development Economics
Summary
This book offers a new interpretation of the great divergence and great convergence stories. It shows how Western countries grew rich and why parts of the developing world did or didn't catch up with the West during 1500-1950, with a focus China and Russia
