Why Europe Grew Rich and Asia Did Not: Global Economic Divergence, 1600-1850

Why Europe Grew Rich and Asia Did Not provides a striking new answer to the classic question of why Europe industrialized from the late eighteenth century and Asia did not. Drawing significantly from the case of India, Prasannan Parthasarathi shows that in the seventeenth and eighteenth centuries, the advanced regions of Europe and Asia were more alike than different, both characterized by sophisticated and growing economies. Their subsequent divergence can be attributed to different compet...