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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 ...
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 ...
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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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 ...
The term was reportedly coined by Claudia Goldin and Robert Margo [1] in a 1992 paper, [2] and is a takeoff on the Great Depression, an event during which the Great Compression started. Share of pre-tax household income received by the top 1%, top 0.1%, and top 0.01%, between 1917 and 2005 [3] [4]
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 ...
Jack A. Goldstone (born September 30, 1953) is an American sociologist, political scientist, and historian, specializing in studies of social movements, revolutions, political demography, and the 'Rise of the West' in world history.