Poverty From The Wealth of Nations: Integration and Polarization in the Global Economy since 1760

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Springer, Feb 5, 2016 - Business & Economics - 215 pages
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In Poverty from the Wealth of Nations , the author presents an analysis of the evolution of global disparities that goes beyond the earlier neo-Marxist critiques of global capitalism. He moves beyond their narrative by inserting two additional asymmetries into the global economy - those created by 'unequal races' and unequal states. The author analyzes not only the power of markets, but the powers that shaped these markets. More importantly, he marshals cross-country evidence to show that loss of sovereignty retarded industrialization, human capital formation and economic growth.
 

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Contents

1 Introduction
1
2 Integration and Polarization since 1760
24
Orthodoxy and Dissent
48
4 Sovereignty Matters
70
5 Mapping Sovereignty
94
6 Measuring Sovereignty Differentials
120
7 Epilogue
167
Appendix
181
References
190
Author index
207
Subject index
211
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About the author (2016)

M. Shahid Alam is Professor of Economics at Northeastern University.

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