When the Third World fell behind -- The first global century up to 1913 -- Biggest Third World terms of trade boom ever? -- The economics of Third World growth engines and Dutch diseases -- Measuring third world de-industrialization and Dutch disease -- An Asian de-industrialization illustration : an Indian paradox? -- A Middle East de-industrialization illustration : Ottoman problems -- A Latin American de-industrialization illustration : Mexican exceptionalism -- Rising Third World inequality during the trade boom : did it matter? -- Export price volatility : another drag on Third World growth? -- Tying the knot : the globalization and great divergence connection -- Better late than never : industrialization spreads to the poor periphery -- Policy response : what did they do? What should they have done? -- Morals of the story.
This work explores how the rise of globalization over the past two centuries helps explain the income gap between rich and poor countries today.
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