Accounting for the Great Divergence in Economic Growth
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How would you account for the "great divergence" that is the acceleration of economic development in the West in the 19th century while much of the rest of the world remained characterized by low rates of economic growth?
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There are several key factors involved here. The first is the great .......
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There are several key factors involved here. The first is the great technological breakthroughs in science and industry during this time in Europe. This made production and the transformation of resources into wealth much easier and faster. There were equally great breakthroughs in political organization that allowed for more ...
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