The World Economy: A Millennial Perspective
|The World Economy: A Millennial Perspective provides a
comprehensive view of the growth and levels of world population since the year
1000. In this period, world population rose 22- fold, per capita GDP 13 fold
and world GDP nearly 300 fold. The biggest gains occurred in the rich countries
of today (Western Europe, North America, Australasia and Japan). The gap
between the world leader - the United States - and the poorest region - Africa
- is now 20:1. In the year 1000, the rich countries of today were poorer than
Asia and Africa.
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 the 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 World Economy: A Millennial Perspective is a "must" for all scholars of economics and economic history, while the casual reader will find much of fascinating interest. It is also a monumental work of reference.
Written by Angus Maddison. Published by the Organisation for Economic Co-operation and Development, 2001.
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Last modified: June 25, 2001
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