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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 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 ...
They argue that the Great Divergence, a divergence between the West (Western Europe) and the Rest (China, India and Japan) only really began with industrialisation in the 19th century. 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 ...
It is closely related to the idea of the Great Divergence, but the latter's focuses, rather than the origins of the rise of Europe during the Renaissance, is the 18th-century culmination of the process and the subsequent "imperial century" of Britain.
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 ...
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According to Jack Goldstone, "in the twentieth century, the Great Divergence peaked before the First World War and continued until the early 1970s, then, after two decades of indeterminate fluctuations, in the late 1980s it was replaced by the Great Convergence as the majority of Third World countries reached economic growth rates significantly ...