THE GREAT DIVERGENCE - KENNETH POMERANZ

THERE IS no consensus on how Europe became uniquely wealthy by the mid-nineteenth century.. "Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia?". "Pomeranz argues that Europe's nineteenth-century divergence from the Old World owes much to the fortunate location of coal, which substituted for timber. This made Europe's failure to use its land intensively much less of a problem, while allowing growth in energy-intensive industries. Another crucial difference that he notes has to do with trade. Fortuitous global conjunctures made the Americas a greater source of needed primary products for Europe than any Asian periphery. This allowed Northwest Europe to grow dramatically in population, specialize further in manufactures, and remove labor from the land, using increased imports rather than maximizing yields. Together, coal and the New World allowed Europe to grow along resource-intensive, labor-saving paths."--BOOK JACKET. Read More...

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Unlock detailed insights about The Great Divergence by Kenneth Pomeranz. This Business masterpiece has left an indelible mark on literature. Our platform offers a reliable source of book metadata including author details, publication history, subject tags, genre tags, cover images, and more — all curated and stored in our secure database for your convenience.

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