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Development Centre Studies
The World Economy
A Millennial Perspective
Angus Maddison. Published by : OECD Publishing , Publication date:  12 Jun 2001
Pages: 384 , Language: English
Version: Print (Hardback)
ISBN: 9789264186545 , OECD Code: 412001031P2
Price:   €86 | $120 | £77 | ¥11100 | MXN1540
Availability: Out of print
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Other languages:  French (Low stock)
Other Versions:  Print - Paperback

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This publication is available as a Paperback (Print-on-Demand) under the ISBN 9789264186088.


In this groundbreaking book, economic historian Angus Maddison provides a comprehensive view of the growth and levels of world population since the year 1000. In this period, world population rose 22- fold, per capita GDP 13 fold and world GDP nearly 300 fold. The biggest gains occurred in the rich countries of today (Western Europe, North America, Australasia and Japan). The gap between the world leader - the United States - and the poorest region - Africa - is now 20:1. In the year 1000, the rich countries of today were poorer than Asia and Africa.

The book has several objectives. The first is a pioneering effort to quantify the economic performance of nations over the very long term. The second is to identify the forces which explain the success of the rich countries, and explore the obstacles which hindered advance in regions which lagged behind. The third is to scrutinise the interaction between the rich and the rest to assess the degree to which this relationship was exploitative.

The World Economy: A Millennial Perspective is a "must" for all scholars of economics and economic history, while the casual reader will find much of fascinating interest. It is also a monumental work of reference. The book is a sequel to the author's Monitoring the World Economy: 1820 -1992, published by the OECD Development Centre in 1995, and his 1998 Chinese Economic Performance in the Long Run, also published by the OECD.

"A tour de force. What a wonderful gift for the new century."   -Robert Mundell, Nobel Prize winner and Professor of Economics, Columbia University.

Table of contents:

Summary and Conclusions
Chapter 1. The Contours of World Development
Chapter 2. The Impact of Western Development on the Rest of the World, 1000-1950
Chapter 3. The World Economy in the Second Half of the Twentieth Century
Appendix A. World Population, GDP, and GDP Per Capita, Benchmark Years, 1820-1998
Appendix B. World Population, GDP, and GDP Per Capita before 1820
Appendix C. Annual Estimates of Population, GDP, and GDP Per Capita for 124 Countries, Seven Regions, and the World, 1950-1998
Appendix D. Growth and Levels of Performance in 27 Formerly Communist Countries, 1990-1998
Appendix E. Employment, Working Hours, and Labour Productivity
Appendix F. Value and Volume of Exports, 1870-1998
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