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The Great Divergence (aka the Industrial Revolution's impact on GDP) is the obvious candidate: https://en.wikipedia.org/wiki/Great_Divergence https://en.wikiped
by jpatokal 9y ago
The Great Divergence (aka the Industrial Revolution's impact on GDP) is the obvious candidate: https://en.wikipedia.org/wiki/Great_Divergence https://en.wikipedia.org/wiki/Great_Divergence
But the population of Europe at the time or even America is only a fraction of China's, and the speed of China's growth has been even more spectacular. It took Britain ~50 years to double GDP between 1840 and 1890: https://en.wikipedia.org/wiki/File:Biaroch_European_GDP_per_capita_1830-1890.svg https://en.wikipedia.org/wiki/File:Biaroch_European_GDP_per_...
While China tripled their GDP/capita (both US$ and PPP) in a bit over 10: https://www.lowyinstitute.org/sites/default/files/interpreter-images/2012/1/120127-thirlwell-1.png https://www.lowyinstitute.org/sites/default/files/interprete...
- dmurray 9y agoDoubling GDP in 50 years is not a lot. 1.4 percent annually compounded will do that. The US postwar boom might be a better comparison.
- arethuza 9y agoLooking at those charts it looks like that previous doubling of UK GDP took ~350 years.
- RugnirViking 9y agoThose charts are GDP per capita; the population also increased in this time