The West and the Rest in the World Economy

Deepak Nayyar

Challenge, 2014, vol. 57, issue 2, 26-41

Abstract: Until the Industrial Revolution in Britain, Europe and Asia were largely similar in levels of economic development. Beginning around 1820, however, Western Europe and the United States shot ahead, while Asia experienced a rapid decline. Since 1980, poorer countries have been catching up again with the rich. But these countries did not merely rely on markets and openness to industrializing. Development was more about the visible hand of the state than about the invisible hand of the market.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2753/0577-5132570202 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:challe:v:57:y:2014:i:2:p:26-41

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCHA20

DOI: 10.2753/0577-5132570202

Access Statistics for this article

More articles in Challenge from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().