Today the gap between rich and poor nations is larger than it has ever been in recorded history. Yet the economic hegemony of Europe was unanticipated in the fifteenth century when Europeans seemed no more advanced than their eastern counterparts.
This distinguished collection of papers places present development problems in historical perspective, drawing on European experience to show what characterized the growth of the world's first industrialized continent. Topics discussed in this volume include the influence of late fertility on economic development, the roots of Latin American backwardness, economic growth in Central and Eastern Europe since 1870, macroeconomic populism and economic failure in Africa since 1960, trade and exchange rate liberalization, and the impact of technology and capital market development in a divided world.
Rich Nations - Poor Nations offers a broad perspective on the development process in which authors relate historical work to the current problems of the Third World. While these papers are not anchored solely in the European past, they recognize that some positive things can be gleaned from Europe's historical experience which will be of value to developing nations.
Edited by Derek H. Aldcroft, Fellow, University of Leicester, UK and Ross E. Catterall, formerly Director, Centre for International Business and Economic Research (CIBER), Anglia Ruskin University, UK
Contents: Preface Introduction 1. Rich Nations - Poor Nations: The Penalty of Lateness 2. The Reserve Army of the Unmarried in World Economic History: Flexible Fertility Regimes and the Wealth of Nations 3. The Roots of Latin America's Backwardness 4. Economic Growth in Europe's Third World: Central and Eastern Europe, 1870-1989 5. Macroeconomic Populism and Economic Failure in Africa Since 1960 6. Asian Stagnation: Real or Relative? 7. Trade and Exchange Rate Liberalization: The Experience of Turkey, Malaysia and India 8. The Role of Technology in the Creation of Rich and Poor Nations: Underdevelopment in a Schumpterian System 9. Capital Markets in a Divided World Index