Title: The Great Divergence
Subtitle: China, Europe, and the Making of the Modern World Economy.
First published: February 22, 2000
Description: "Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia?".

"Pomeranz argues that Europe's nineteenth-century divergence from the Old World owes much to the fortunate location of coal, which substituted for timber. This made Europe's failure to use its land intensively much less of a problem, while allowing growth in energy-intensive industries. Another crucial difference that he notes has to do with trade. Fortuitous global conjunctures made the Americas a greater source of needed primary products for Europe than any Asian periphery.

This allowed Northwest Europe to grow dramatically in population, specialize further in manufactures, and remove labor from the land, using increased imports rather than maximizing yields. Together, coal and the New World allowed Europe to grow along resource-intensive, labor-saving paths."--BOOK JACKET.
Subjects: Economic conditions, Comparative economics, Economic development, History, Economische ontwikkeling, Economische politiek, Conditions économiques, Economia internacional, Économie politique comparée, Développement économique, Histoire, Desenvolvimento econômico, Industrialisierung, História econômica (século 18;século 19), Économie comparée, Economic history, Economic history, 1750-1918, Europe, economic conditions, China, economic conditions, Europe, economic policy, International economic relations, BUSINESS & ECONOMICS, International, General, Economics, Modern
Places: Europe, China
Time periods: 1644-1912, 19th century, 18th century