The Cambridge Economic History of the Modern World: Volume 2, 1870 to the Present

An unprecedented global account of the emergence of modern economic growth and its spread across the world from 1870 to the present.

Stephen Broadberry (Edited by), Kyoji Fukao (Edited by)

9781107159488, Cambridge University Press

Hardback, published 24 June 2021

572 pages
23.5 x 15.8 x 3.2 cm, 1.04 kg

The second volume of The Cambridge Economic History of the Modern World explores the development of modern economic growth from 1870 to the present. Leading experts in economic history offer a series of regional studies from around the world, as well as thematic analyses of key factors governing the differential outcomes in different parts of the global economy. Topics covered include human capital, capital and technology, geography and institutions, living standards and inequality, trade and immigration, international finance, and warfare and empire.

Introduction to Volume II Stephen Broadberry and Kyoji Fukao
Part I. Regional Developments: 1. North America: the rise of US technological and economic leadership Paul W. Rhode
2. Western Europe: convergence and divergence Paul Sharp
3. The socialist experiment and beyond: the economic development of Eastern Europe from 1870 to the present Tracy Dennison and Alexander Klein
4. Japan: modern economic growth in Asia Kyoji Fukao and Tokihiko Settsu
5. Economic change in China: the role of institutions and ideology Debin Ma
6. From free trade to regulation: the political economy of India's development since 1858 Bishnupriya Gupta
7. Growth and globalisation phases in South East Asian development since the late nineteenth century Gregg Huff
8. The Middle East: decline and resurgence in West Asia Mohamed Saleh
9. Latin America: stalled catching-up Pablo Astorga and Alfonso Herranz-Loncán
10. African economic development: growth, reversals, and deep transitions Ewout Frankema
11. Australia: prosperity, relative decline and reorientation Gary B. Magee
Part II. Factors Governing Differential Outcomes in the Global Economy: 12. Healthy, literate, and smart: the global increase in human capital since 1870 Latika Chaudhary and Peter Lindert
13. Proximate sources of growth: capital and technology since 1870 Rajabrata Banerjee, Robert Inklaar and Herman de Jong
14. Underlying sources of growth: first and second nature geography Paul Caruana-Galizia, Toshihiro Okubo and Nikolaus Wolf
15. Underlying sources of growth: institutions and the state James Foreman-Peck and Leslie Hannah
16. Living standards, inequality and human development Leandro Prados de la Escosura and Myung Soo Cha
17. Trade and immigration David S. Jacks and John P. Tang
18. International finance, 1870–2010 Barry Eichengreen and Rui Esteves
19. Warfare and empire Jari Eloranta and Leigh Gardner.

Subject Areas: Economic geography [RGCM], Economic history [KCZ], Welfare economics [KCR], Development economics & emerging economies [KCM], International finance [KCLF], International economics [KCL], Economic growth [KCG], Economics [KC], Economics, finance, business & management [K], General & world history [HBG]