The Main Trends in National Economic Disparities since the Industrial Revolution

Paul Bairoch

Chapter 1 in Disparities in Economic Development since the Industrial Revolution, 1981, pp 3-17 from Palgrave Macmillan

Abstract: Abstract If we exclude a certain number of small countries, which for specific reasons could benefit from exceptional resources, it appears that the differences in the international levels of income were very limited before the strong upheaval introduced by the industrial revolution. The gap between the least developed or poorest country and the richest was probably in the range of only 1.0 to 1.6. If we refer to broader economic entities, such as Western Europe or China, the gap was even more limited, of the order of 1.0 to 1.3 or less. In the framework of traditional economies, a favourable natural resource endowment brought in general a more rapid increase in population, which in turn led to a new equilibrium at a lower level of resources per capita.

Keywords: Industrial Revolution; Real Income; Main Trend; Gross National Product; Economic Disparity (search for similar items in EconPapers)
Date: 1981
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DOI: 10.1007/978-1-349-04707-9_1

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