Global Economic History

Abstract

Global Economic History: A Very Short Introduction considers the wealth and economic history of countries worldwide. Why are some countries rich and others poor? The various factors that influence economic growth, including culture, globalization, institutions, technology, the natural environment, income distribution, and the standard of living are discussed. From the industrial revolution in Britain in the 18th and 19th centuries, the range of processes and developments that have led to economic growth in Western Europe, North America, China, India, South America, and Africa are considered. Historical examples to show the strengths and weaknesses of state intervention in the economy are also used.

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