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The Rise Of The West Is Often Attributed The Presence Of Certain Features In Western Countries From The 16th Century That Were Absent In More Traditional Societies: The Abolition Of Serfdom And Protestant Ethics, The Protection Of Property Rights, And Free Universities. 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 The Middle East) Did Not Catch Up With The West From 1500 To 1950 But Began To Narrow The Gap After 1950. It Also Examines Why Others (latin America, South Africa, And Russia) Were More Successful At Catching Up From 1500 To 1950, But Then Experienced A Slowdown In Economic Growth Compared To Other Developing Countries. 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 Two Groups Of Developing Countries, Are Examined In Greater Detail.
This book investigates the historical drivers of economic growth and the factors that explain why certain nations achieved rapid productivity while others stagnated or experienced divergent development patterns. Vladimir Popov, an economist specializing in transition economies and development, challenges conventional theories that attribute Western prosperity solely to institutional factors like property rights or Protestant ethics. By analyzing long-term economic data from 1500 to the present, he proposes a framework that accounts for the varying success rates of developing nations in catching up to Western productivity levels.
What You Will Find
Scope Limits
Experts recognize this work as a significant contribution to development economics that challenges established institutionalist narratives. Readers frequently note the academic density of the prose, which is best suited for those with a background in economic history or macroeconomics.
Page Count:
224
Publication Date:
2014-01-01
Publisher:
Oup Oxford
ISBN-10:
0191008656
ISBN-13:
9780191008658
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