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The Great Divergence or European miracle is the socioeconomic shift in which the Western world (i.e. Western Europe and the parts of the New World where its people became the dominant populations) overcame pre-modern growth constraints and emerged during the 19th century as the most powerful and wealthy world civilizations, eclipsing previously ...
The Great Divergence: China, Europe, and the Making of the Modern World Economy is a 2000 nonfiction book by Kenneth Pomeranz, published by Princeton University Press, [1] on the subject of Great Divergence in the world history. [2] The book won the John K. Fairbank Prize for 2000. [3] It was a joint winner for World History Association Book ...
This Great Divergence should be interpreted as a more contingent and more recent phenomenon than the proponents of the Great Divergence have argued for. The basic cause of the divergence being framed in terms of the availability of the resources in the context of global interconnections and comparisons.
The Great Divergence contrasts with the "Great Prosperity" or Golden Age of Capitalism, where from the late 1940s to mid 1970s, at least for workers in the advanced economies, economic growth had delivered benefits broadly shared across the earnings spectrums, with inequality falling as the poorest sections of society increased their incomes at ...
Great Divergence: China, Europe, and the Making of the Modern World Economy. Princeton University Press. ISBN 978-0-691-09010-8. Kennedy, Paul (1988). The Rise and Fall of the Great Powers. Knopf Doubleday Publishing. ISBN 978-0-679-72019-5
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis. In a fitting ...
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The Biden Administration’s move on Jan. 13 to curb exports on the advanced computer chips used to power artificial intelligence (AI) arrived in the wake of two major events over the Christmas ...