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Book Review
Comparative/World
Kenneth Pomeranz. The Great Divergence: China, Europe, and the Making of the Modern World Economy. (Princeton Economic History of the Western World.) Princeton: Princeton University Press. 2000. Pp. x, 382.
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Why did the Industrial Revolution occur when and where it did? Although some economic historians now think that this is no longer the right question to ask, Kenneth Pomeranz takes a fresh look at it in a global context. This book is very important and will have to be taken seriously by anyone who thinks that explaining the Industrial Revolution (or the industrious one, or industrialization) is crucial to our understanding of the modern world. |
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What is new and noteworthy in this book includes the following. First, Pomeranz examines previous explanations of European industrialization and then, using new scholarship on Asia, shows that the characteristics usually thought to have been unique to Europe apply equally to China. Pomeranz shows that China was not entering a Malthusian crisis, that Chinese institutions and cultural values also were not obstacles for the deployment of capital, and that wage rates and standards of living were comparable in the core regions of China and northwestern Europe. In short, Pomeranz sees broad equivalencies between China and the most highly developed portions of Europe. |
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