The origins of uneven development: the Indian subcontinent

Article Abstract:

The Indian subcontinent was just slightly less developed than Britain in the 17th century, but large differences in development became evident between 1757 and 1947. A group of North-South models can help to explain the reasons for uneven development. The model suggests that uneven development could have been the result of the competitive disadvantage of the Indian handicraft industry that was brought about by the restriction of trade in Indian goods and the exemptions granted to British traders.

United Kingdom, International trade, India, South Asia

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The roots of divergence: Western economic history in comparative perspective

Article Abstract:

Western nations have dominated the international economic environment since the 1400s. This dominance cannot be attributed to the Protestant work ethic or military prowess. The slave trade, as well as the mercantile republics, contributed to the economic power of the West. The discovery of Australia and the Americas allowed Europe to obtain raw materials, new markets and a vehicle for foreign investment, and it eventually led to massive emigration.

Industrialized countries, Industrial nations

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Hybridizing growth theory

Article Abstract:

Economists can hybridize growth theories to analyze the history of economic development for modern applications. Hybridized growth theories are created by combining 'old' or 'new growth theories' with economic history. Old growth theory is better illustrated by the collapse of the former Soviet Union. On the other hand, the new growth theory attempts to endogenously explain the theory of knowledge production.

Analysis, Economics, Economic history

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