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Why Europe Grew Rich and Asia Did Not

Why Europe Grew Rich and Asia Did Not

Paperback

EconomicsMedieval & Renaissance History

ISBN10: 0521168244
ISBN13: 9780521168243
Publisher: Cambridge University Press
Published: Aug 11 2011
Pages: 380
Weight: 1.35
Height: 0.70 Width: 5.90 Depth: 8.90
Language: English
Why Europe Grew Rich and Asia Did Not provides a striking new answer to the classic question of why Europe industrialized from the late eighteenth century and Asia did not. Drawing significantly from the case of India, Prasannan Parthasarathi shows that in the seventeenth and eighteenth centuries, the advanced regions of Europe and Asia were more alike than different, both characterized by sophisticated and growing economies. Their subsequent divergence can be attributed to different competitive and ecological pressures that in turn produced varied state policies and economic outcomes. This account breaks with conventional views, which hold that divergence occurred because Europe possessed superior markets, rationality, science, or institutions. It offers instead a groundbreaking rereading of global economic development that ranges from India, Japan and China to Britain, France, and the Ottoman Empire and from the textile and coal industries to the roles of science, technology, and the state.

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