Technology in the Great Divergence
AbstractIn this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this divergence was increasing differences in the efficiency of economies; (3) that these differences in efficiency were not due to problems of poor countries in getting access to the new technologies of the Industrial Revolution; (4) that the pattern of trade from the late nineteenth century between the poor and the rich economies suggests that the problem of the poor economies was peculiarly a problem of employing labor effectively. This continues to be true today.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 8596.
Date of creation: Nov 2001
Date of revision:
Publication status: published as Technology in the Great Divergence , Gregory Clark, Robert C. Feenstra. in Globalization in Historical Perspective , Bordo, Taylor, and Williamson. 2003
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- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-11-21 (All new papers)
- NEP-INO-2001-11-21 (Innovation)
- NEP-TID-2001-11-21 (Technology & Industrial Dynamics)
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