March 2022
Intermediate to advanced
294 pages
16h 47m
English
University of Edinburgh, UK
ABSTRACT: Great Divergence is a significant change in economic history. From the 19th century onwards, the old wealthy civilisation such as Qing China fell behind. And the Western world gradually becomes the world economic centre. This paper will explain the reasons for Great Divergence through comparative studies. The paper will compare countries’ real GDP per capita in the sample to show that nations embracing new technology will have a higher GDP per capita. Second, the paper will demonstrate that countries with a higher educational attainment rate usually have higher real GDP per capita. Finally, this paper ...