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The British industrial revolution created an industrial economy. While casual discourse conflates industrialization and economic growth, Britain was remarkable primarily for the pronounced structural change that occurred rather than for rapid economic growth. Uniquely the British labour force...
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period on the road to thepresent-day Western world. It has transformed the countries of the West andhas at the same time made …
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A significant but uneven spurt of industrialization started in China during the first three decades of the 20th century at a time of political instability and national disintegration. This article argues that economic growth during this period was closely associated with the rise and expansion...
Persistent link: https://www.econbiz.de/10005870789
In early modern north-western Europe, real wages declined while GDP per capita was on the increase. In contrast, wage growth in Tokugawa Japan went hand in hand with output growth. Based on this finding, the paper revisits Thomas Smith’s thesis on ‘Pre-modern Economic Growth: Japan and the...
Persistent link: https://www.econbiz.de/10005870792
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an …
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