Accounting for the great divergence | vox
Stephen Broadberry from LSE argues that economic divergence we observe today was existent even a thousand years ago. His work is based on Maddison's pioneering work on long term trends of inequality and other recent historical data. This work could shed some light on recent divergence between European and Asian economies. His argument on differential impact of shocks deserves, however some further analitycal work.
Stephen Broadberry from LSE argues that economic divergence we observe today was existent even a thousand years ago. His work is based on Maddison's pioneering work on long term trends of inequality and other recent historical data. This work could shed some light on recent divergence between European and Asian economies. His argument on differential impact of shocks deserves, however some further analitycal work.
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