Angus Maddison provides a comprehensive view of the growth and levels of world population since the year 1000. In this period, world population rose 22- fold, per capita GDP 13 fold and world GDP nearly 300 fold.
The biggest gains occurred in the rich countries of today (Western Europe, North America, Australasia and Japan). The gap between the world leader - the United States - and the poorest region - Africa - is now 20:1. In the year 1000, the rich countries of today were poorer than Asia and Africa. The book has several objectives.
The first is a pioneering effort to quantify the economic performance of nations over the very long term. The second is to identify the forces which explain the success of the rich countries, and explore the obstacles which hindered advance in regions which lagged behind. The third is to scrutinise the interaction between the rich and the rest to assess the degree to which this relationship was exploitative.
The World Economy: A Millennial Perspective is a "must" for all scholars of economics and economic history, while the casual reader will find much of fascinating interest. It is also a monumental work of reference. The book is a sequel to the author's Monitoring the World Economy: 1820 -1992, published by the OECD Development Centre in 1995, and his 1998 Chinese Economic Performance in the Long Run, also published by the OECD.
For more information, reviews and samples of the book, visit www.TheWorldEconomy.org
Development Centre Studies
The World Economy: A Millennial Perspective
Available in print (paperback) and electronic format (pdf)
384 pages, OECD, Paris 2001
This publication is available from the OECD Online Bookshop: http://www.oecd.org/bookshop .
The Spanish edition is available from:
Ediciones Mundi-Prensa, www.mundiprensa.com .
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