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Before the Industrial Revolution, the income gap between the poorest and the richest country in the world was not very high, but industrialization has increased that gap dramatically. Economic historians have focused on these diverging, long-term growth paths. Many of them have attempted to explain these in terms of differences in countries’ success in using science and technological advances more efficiently or better than other countries. Abramovitz (1986) first introduced the distinction between “forging ahead”, “catching up” and “falling behind” in economic growth.
o The two major examples of “forging ahead” are the UK in the nineteenth century and the USA in the twentieth century...
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Common topics in this essay:
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