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Economic and Business Management
book

Economic and Business Management

by Xiaoxia Huang, Feng Zhang
March 2022
Intermediate to advanced content levelIntermediate to advanced
294 pages
16h 47m
English
CRC Press
Content preview from Economic and Business Management

The comparative studies of Great Divergence from 1850 to 1914

Yifei Liu

University of Edinburgh, UK

DOI: 10.1201/9781003203704-11

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 ...

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Publisher Resources

ISBN: 9781000581621