Mixed fortunes: an economic history of China, Russia, and the West
by Popov, V. V., (Vladimir Viktorovich)
The rise of the West is often attributed to the presence of certain features in Western countries from the 16th century onwards such as the abolition of serfdom and protestant ethics, the protection of property rights, and free universities; elements that were absent in more traditional societies. The problem with this reasoning is that, before the 16th century, there were many countries with social structures that possessed these same features that didn't experience rapid productivity growth. …
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- Full title :Mixed fortunes : an economic history of China, Russia, and the West / Vladimir Popov.
Summary
The rise of the West is often attributed to the presence of certain features in Western countries from the 16th century onwards such as the abolition of serfdom and protestant ethics, the protection of property rights, and free universities; elements that were absent in more traditional societies. The problem with this reasoning is that, before the 16th century, there were many countries with social structures that possessed these same features that didn't experience rapid productivity growth. This book offers a new interpretation of the 'Great Divergence' and 'Great Convergence' stories. It explores how Western countries grew rich and why parts of the developing world (South and East Asia and Middle East) did not catch up during the period 1500-1950 but began to prosper after 1950, whereas others (Latin America, South Africa, and Russia) thrived from 1500 to 1950 but have experienced relative slowdown since 1950. Mixed Fortunes offers a novel interpretation of the rise of the West and of the subsequent development of 'the rest' and China and Russia, important examples of these two groups of developing countries, are examined in greater detail.
Read More ↓Edition Statements
- Publication Date:2014.
- Edition:First edition
Publication Statements
- Publisher(s):Oxford University Press
- Place of Publication:New York, NY
- Language:eng
- Publication Date:2014.
The Physical Object
- Description:ix, 191 pages : : illustrations ; : 25 cm
Edition Identifiers
- ISBN:9780198703631, 0198703635
- oclc:ocn879851321
- LC Classification:HC51
- Dewey Decimal:330.9/04
Table of Contents
How the West became rich: stylized facts and literature review -- Why did the West become rich first? why are some developing countries catching up, but others are not? -- Chinese and Russian economies under central planning: they the difference in outcomes? -- Chinese and Russian economies since reforms: transformational recession in Russian and acceleration of growth in China -- Growth miracles and failures: lessons for developmental economics.
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