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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:
Acknowledgements Preface 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 Bibliography