Development Centre Studies The World Economy A Millennial Perspective: A Millennial PerspectiveOECD Publishing, Jun 12, 2001 - 384 pages Angus Maddison provides a comprehensive view of the growth and levels of world population since the year 1000 when rich countries of today were poorer than Asia and Africa. The gap between the world leader, the US and the poorest region, Africa, is now 20:1. The book has several objectives. The first is a pioneering effort to quantify the economic performance of nations over the very long term. The second is to identify forces which explain the success of the rich countries, and explore the obstacles which hindered advance in regions which lagged behind. The third is to scrutinise the interaction between the rich and the rest to assess the degree to which this relationship was exploitative. The book is a monumental work of reference and a sequel to the author's Monitoring the World Economy: 1820-1992, published in 1995 and his 1998 Chinese Economic Performance in the Long Run. It is a "must" for all scholars and students of economics and economic history, as well as a mine of fascinating facts for everyone else. |
Contents
| 205 | |
| 219 | |
| 229 | |
| 232 | |
| 267 | |
| 268 | |
| 284 | |
| 298 | |
| 67 | |
| 81 | |
| 89 | |
| 104 | |
| 119 | |
| 125 | |
| 126 | |
| 133 | |
| 169 | |
| 174 | |
| 181 | |
| 187 | |
| 193 | |
| 316 | |
| 329 | |
| 335 | |
| 338 | |
| 343 | |
| 345 | |
| 351 | |
| 357 | |
| 360 | |
| 370 | |
| 376 | |
Common terms and phrases
Accounts activity adjusted advance Africa agriculture annual Asia Asian assumed average Bangladesh Bank became Brazil British capita GDP capita income cent century changes China Chinese coast colonies compared countries created derived dollars Dutch East Eastern economic eighteenth century Empire England established estimates European exports figures force foreign former USSR France French Germany growth half higher impact important improvements included increased India industry interest investment involved islands Italy Japan Japanese Korea labour land Latin America less Maddison 1995a major measure merchants Mexico military million movement Netherlands North OECD onwards performance period political population Portugal Portuguese production reasons regions Republic result rose ships shows significant slaves Source South South Korea Spain Spanish Statistics substantial successful sugar Table third trade United Kingdom Venetian West Western Europe Western Offshoots
Popular passages
Page 102 - The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep; he could at the same moment and by the same means adventure his wealth in the natural resources and new enterprises of any quarter of the world...
Page 214 - Bahrain Iran Iraq Israel Jordan Kuwait Lebanon Oman Qatar Saudi Arabia Syria Turkey UAE Yemen West Bank...
Page 211 - Iran, Iraq, Israel. Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.
Page 102 - ... office of a bank for such supply of the precious metals as might seem convenient, and could then proceed abroad to foreign quarters, without knowledge of their religion, language, or...
Page 107 - Spain restricted slave imports to its colonies until 1789, but thereafter opened them to all slave traders. It made a big push to increase sugar production in the nineteenth century in Cuba and Puerto Rico (the only colonies it retained in the Americas after the others became independent). Slavery was abolished in Puerto Rico in 1873 and in Cuba in 1880. In 1894, Cuban sugar production was 1.1 million tons, in the British Caribbean 260 000, French Caribbean 79 000, Puerto Rico 49 000 and Surinam...
Page 123 - Ministers, and all Pretenders at Home; by the Splendor of his Court, and Magnificence of his Expence, supported not only by the Pensions and Rights of his several Charges and Commands, but by a mighty Patrimonial Revenue in Lands and Sovereign Principalities, and Lordships, as well in France, Germany, and Burgundy, as in the several Parts of the Seventeen Provinces...
Page 48 - In Maddison (1983), I contrasted the Landes view with Bairoch's (1981) assessment of relative income per head. He suggested that China was well ahead of Western Europe in 1800, Japan and the rest of Asia only 5 per cent lower than Europe, Latin America well ahead of North America, and Africa about two thirds of the West European level. This highly improbable scenario was never documented in the case of Asia, Latin America or Africa. His figures for these areas were...
Page 48 - Bairoch has rendered to historians" and believed "it is virtually beyond question that Europe was less rich than the worlds it was exploiting, even after the fall of Napoleon". Andre Gunder Frank (1 998, pp. 1 71 and 284) cites Bairoch and suggests that "around 1800 Europe and the United States, after long lagging behind, suddenly caught up and then overtook Asia economically and politically". Pomeranz (2000) cites Bairoch more cautiously (p. 16) but his sinophilia drives him to the same conclusion....
Page 360 - Austria Belgium Denmark Finland France Germany Italy Netherlands Norway Sweden Switzerland United...
Page 172 - ... available from the International Comparison Programme (ICP) of the United Nations, Eurostat and OECD. The ICP exercise was initiated by Irving Kravis, Alan Heston and Robert Summers of the University of Pennsylvania, as a follow up and greatly expanded version of work undertaken in OEEC in the 1 950s. Their magnum opus was Kravis, Heston and Summers, World Product and Income: International Comparisons of Real Gross Product (1982). Their approach was a highly sophisticated comparative pricing...