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The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (adjusted to 2013 dollars), and did not rise much until the Industrial Revolution .
This series of monographs from the OECD Development Centre covers development issues generally and in some cases issues in specific countries. It includes Angus Maddison’s books containing long-term historical estimates of GDP for various areas of the world.
15 Σεπ 2017 · Long before the invention of modern day maps or gunpowder, the planet’s major powers were already duking it out for economic and geopolitical supremacy. Today’s chart tells that story in the simplest terms possible.
A History of the Global Economy. Why are some parts of the world poor today, while others are rich? At which point in time did they diverge, and what were the reasons? These core questions are addressed in a concise and accessible introduction to global economic development since 1500.
According to Maddison [who?], until the middle of the 19th century, global output was dominated by China and India with Indian subcontinent being the world's largest economy from 1 C.E to 17 C.E. Waves of the Industrial Revolution in Western Europe and Northern America shifted the shares to the Western Hemisphere.
From the early 21st century, economic history has encompassed a broad range of topics, methodologies, and geographic foci, including the causes and consequences of economic crises (such as the global financial crisis of 2007–08 and the ensuing Great Recession), the effects of economic globalization on national economies and societies, the ...
Total output of the world economy. These historical estimates of GDP are adjusted for inflation. We combine three sources to create this time series: the Maddison Database (before 1820), the Maddison Project Database (1820–1989), and the World Bank (1990 onward).