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Course outline, Why are some countries rich and others poor The main goal of this course is to. address that important question by looking into the world economic history of. the last millennium from a global approach focused not only on Europe and. North America but also on the extra European world mainly China and. India We will deal with a broad range of issues from the environmental. constraints to economic growth in the past the rise of the Chinese and Islamic. civilizations during the medieval period and the European Overseas expansion. after 1492 to the decadence of the big Asian Empires the British Industrial. Revolution and its diffusion the impact of Western Imperialism in the extra. European economy during the 19th century and the problems posed by the. advance of globalization during the 19th and 20th centuries Another objective of. the course is to provide the student with a basic knowledge of key economic. concepts such as productivity comparative advantage Gross National Product. balance of payments or exchange rates, Although some economies such as Song China medieval Islam or 17th and 18th. centuries England and the Dutch Republic managed to achieve an important. expansion during the pre industrial period their dependence on resources. coming form the surface of the earth such as agricultural products timber wool. and flax set a low ceiling for the possibilities of economic advance before the. Industrial Revolution This did not impede however the development of. growing economic differences among the big economic regions of the World. after the 1348 Plague embodied in the term Great Divergence The Chinese. Empire turned its back on the World Economy after the Plague and retreated. into a kind of inwards oriented economy which severed most of its previous. links with the rest of the world and relied on the expansion of its agricultural. base something eased by its virtually unending reserves of labour As a result. after its medieval peak the Chinese economy went through a long term. decadence so at the beginning of the 19th century it showed clear symptoms of. stagnation and the Empire had to cope with the problems posed by the pressure. exerted by a growing population on its narrow resource base This led to the. appearance of serious environmental problems whose effects were and still are. keenly felt by the Chinese population, Unlike China and other Asian Empires such as Mogul India and Japan after. 1348 Western Europe began to replace capital for its relatively scarce when. compared with the big Asian Empires labour opening the way for the wide. incorporation of technology into the economy which has been one of the most. important features of Western economies ever since In 1492 Columbus. discovered America and in 1498 Vasco de Gama arrived to Calicut India This. was the beginning of the European Overseas Expansion closely related to the. expansion of International Trade and the birth of the first European Colonial. Empires Each one of the Empires of the time tried to advance its trade through. highly protective mercantilist policies which involved the continuous use of. war as a way to conquer and protect new colonial markets After three centuries. of continuous warfare in the years around 1763 it was quite clear that the. English British Colonial Empire had emerged as the victor in the fierce colonial. rivalries of the time The expansion powered by the aggressive English British. mercantilist State was the main engine behind the rise of British foreign trade. and it led to the appearance of the British high wages economy and in the last. term to the Industrial Revolution Britain s path breaking response to the limits. posed by her narrow resource base, The pace of the Great Divergence quickened dramatically during the Industrial. Revolution During the 19th century the USA France and Germany followed the. British pattern of close State involvement in the economy and became advanced. industrial economies through a set of policies the Standard Development. Model SDP which included the creation of national markets the use of tariffs. to protect their industries from British competition the setting of central banks. and the promotion of mass education to train industrial workers This created. good conditions for the adoption of labour saving technology along British. Far from being the norm the American German and French cases were. however the exception and the diffusion of the Industrial Revolution outside. the Western World could best be described in terms of failure so. unsurprisingly the pace of the Great Divergence quickened dramatically. during the 19th century Despite her long term stagnation after the beginning of. the 15th century in the years around 1800 China remained as the world leader in. the field of luxury manufactures such as porcelain and silk textiles while. Mogul India was the main producer of cotton textiles so it may be stated that in. this period Asia was the manufacturing heartland of the world economy The. problem was that most industries from Casablanca to Canton were unable to. survive the storm unleashed by western competition in the 19th century and the. extra European world turned into a vast agricultural area whose main function. was to provide raw materials and agricultural commodities for the western. industrial core, In most cases the spread of the Industrial Revolution to extra European.
countries was fatally hampered by the lack of political autonomy This ended. with any possibility of implementing the SDP there Nonetheless the SDP. seemed less advantageous than the promotion of export oriented primary. sectors in a phase when the prices of agricultural commodities experienced a. continuous rise as the well known cases of independent states such as. Argentine and Uruguay show Although in the short run this orientation made. good economic sense in the medium and longer term the boom in the exports. of primary products and raw materials during the 19th century led to the. entrenchment of powerful export oriented constituencies completely opposed. to the SDP in nearly every extra European country These problems were. compounded by the difficulties posed by the adoption of labour saving western. technology more suited to the needs of Western European economies than to. those of the labour abundant Southern American or Asian countries After 1945. a few countries Japan South Korea Taiwan and perhaps China have. nonetheless caught up with the West through Big Push industrialization that. has achieved a remarkable success As in 19th century Germany and USA Big. Push Industrialization has rested on an active involvement of State in the. economy but it remains to be seen whether other countries are going to be able. to emulate the astounding East Asian success of the recent decade. Evaluation criteria, Students will have to take a final exam 60 of the final mark and write three. short essays 30 10 each throughout the course The remaining 10 will be. subject to voluntary class participation oral questions comments and so on. Course material, There will be several texts at the photocopy shop These texts will be read and. discussed as the course moves forward,Core bibliography. ALLEN Robert C Global Economic History A Very Short Introduction Oxfod. CAMERON Rondo A Concise Economic History of the World From Paleolitic. Times to the Present Oxford OUP 1997, CHANG Ha Joon Economics The user s guide Penguin 2014. FINDLAY Ronald and O ROURKE Kevin Power and Plenty Trade War and the. World Economy in the Second Millenium Princeton 2009. FRIEDEN Jeffry A Global Capitalism Its Fall and Rise in the Twentieth Century. New York Norton Co 2006, WILLIAMSON Jeffrey G Trade and Poverty When the Third World Fell Behind.
Massachussets 2013, WRIGLEY Edward Antony Energy and the English Industrial Revolution. Cambridge 2010,Additional bibliography, ABU LUGHOD J L Before European Hegemony The World System AD1250 1350. Oxford OUP 1989, ALLEN Robert C The British Industrial Revolution in Global Perspective. Cambridge CUP 2009, BERSNTEIN William J The Birth of Plenty How the Prosperity of the Modern. World was Created New York McGraw Hill 2004, BERNSTEIN William J A Splendid Exchange How Trade Shaped the World New.
York Atlantic Monthly Press 2008, BROADBERYY Stephen and Kevin H O ROURKE The Cambridge Economic. History of Modern Europe Volume 1 1700 1870 and Volume 2 1870 to Present. Cambridge CUP 2010, CHANG Ha Joon Kicking Away the Ladder Development Strategy in Historical. Perspective Anthem 2002, CHANG Ha Joon Bad Samaritans The Guilty Secrets of Rich Nations and the. Threat to Global Prosperity Random House 2008, DE VRIES Jan The Economy of Europe in an Age of Crisis 1600 1750 Cambridge. DE VRIES Jan The Industrious Revolution Consumer Behavior and the Household. Economy 1650 to the Present Cambridge CUP 2008, EICHENGREEN Barry Globalizing Capital A History of the International.
Monetary System Princeton PUP 2008, FERGUSSON Niall The Ascent of Money A Financial History of the World. London Penguin Books 2009, GOLDSTONE Jack Why Europe The Rise of the West in World History 1500 1850. New York Mc Graw Hill 2009, LANDES David The Wealth and Poverty of Nations London Little Brown and. MADDISON Angus The World Economy Volume 1 A Millenial Perspective. and Volume 2 Historical Statistics Paris OECD Publishing 2006. MARKS Robert The Origins of the Modern World A Global and Environmental. Narrative from the XVth to the 21th Century Rowman and Littlefield 2015. MOKYR Joel The Lever of Riches Technological Creativity and Economic Progress. Oxford OUP 1992, PARTHASARATI Prasannan Why Europe Grew Rich and Asia did not Global. Economic Divergence 1600 1850 Cambridge CUP 2011, POMERANZ Kenneth The Great Divergence China Europe and the Making of the.
Mdern World Economy Princeton PUP 2000, RICHARDS John F The Unending Frontier An Environmental History of the World. California 2005, VAN ZANDEN Jan Luiten The Long Road to the Industrial Revolution The. European Economy in a Global Perspective 1000 1800 Leiden Brill 2009. WONG Roy Bin China Transformed Historical Change and the Limits of European. WORLD ECONOMIC HISTORY A Splendid Exchange How Trade Shaped the World New York Atlantic Monthly Press 2008 BROADBERYY Stephen and Kevin H O ROURKE The Cambridge Economic History of Modern Europe Volume 1 1700 1870 and Volume 2 1870 to Present Cambridge CUP 2010 CHANG Ha Joon Kicking Away the Ladder Development Strategy in Historical Perspective Anthem 2002 CHANG

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