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Hence it is possible that standards of living in advanced parts of Asia were comparable with Western Europe in the late 18th century, while Asian GDP per capita was about 70% lower. [ 20 ] Şevket Pamuk and Jan-Luiten van Zanden also show that during the Industrial Revolution, living standards in Western Europe increased little before the 1870s ...
[12] Others argue that while the growth of the economy's overall productive powers was unprecedented during the Industrial Revolution, living standards for the majority of the population did not grow meaningfully until the late 19th and 20th centuries and that in many ways workers' living standards declined under early capitalism: some studies ...
The Industrial Revolution spread southwards and eastwards from its origins in Northwest Europe. After the Convention of Kanagawa issued by Commodore Matthew C. Perry forced Japan to open the ports of Shimoda and Hakodate to American trade, the Japanese government realised that drastic reforms were necessary to stave off Western influence.
The second phase of European colonisation of Southeast Asia is related to the Industrial Revolution and the rise of powerful nation states in Europe. As the primary motivation for the first phase was the mere accumulation of wealth, the reasons for and degree of European interference during the second phase are dictated by geostrategic ...
The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...
Before the Industrial Revolution in the mid-to-late 19th century, demand for oriental goods such as porcelain, silk, spices, and tea remained the driving force behind European imperialism. The Western European stake in Asia remained confined largely to trading stations and strategic outposts necessary to protect trade.
A 2011 study by the Asian Development Bank found that 3 billion Asians (so 56.6% of the estimated 5.3 billion total inhabitants of Asia by 2050) could enjoy living standards similar to those in Europe today, and the region could account for over half of global output by the middle of this century.
Accompanying the widespread printing of paper money was the beginnings of what one might term an early Chinese industrial revolution. Historian Robert Hartwell [62] estimates that per capita iron output rose sixfold between 806 and 1078, such that, by 1078 China was producing 127,000,000 kg (125,000 t) in weight of iron per year. [63]