Poverty From The Wealth of Nations: Integration and Polarization in the Global Economy since 1760
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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Poverty From The Wealth of Nations: Integration and Polarization in the ...
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Adam Smith adult literacy rates advanced and lagging advanced countries agriculture Asia and Africa average Avineri backward Bairoch Brazil Britain British capita income capital and labor China coefficients COL-NIC-QC COL-NIC-QC-DEP comparative advantage country’s created decades decline dependencies disparities domestic dummy variable economists Egypt eignty empire enterprises European expatriates export orientation factors five percent level foreign capital foreign firms France free trade gains global economy growing growth rates imperialism import increased independence India industrial epoch international dollars international integration investments Japan lagging coun lagging countries Latin America Maddison manu manufactures Marx monopoly Myanmar nations nearly nineteenth century output percentage points polar categories policies population primary exports primary production regressions robust sample of lagging schooling share skills SOV-DEP SOV-DEP-QC sover sovereign countries sovereignty differentials sovereignty dummies statistically significant Sub-Saharan Africa tariffs taxonomy of sovereignty theory tion treaties United wages