Diplomacia e Relações Internacionais
History of World GDP
Posted By Barry Ritholtz, August 17, 2010
Via the Economist, we see this intriguing histogram of Global GDP (below)
The Economist notes:
“Data compiled by Angus Maddison, an economist who died earlier this year, suggest that China and India were the biggest economies in the world for almost all of the past 2000 years.”
But then asks a really silly question:
“Why they fell so far behind may be more of a mystery than why they are currently flourishing.”
They were the biggest economies because they had a the biggest populations, and up until 200 years ago, population size was a dominant factor in economic output.
Once the industrial revolution came along, followed by the information revolution, mere size mattered less. First the Europeans, then the Americans leveraged technology to blow out GDP on a per capita basis. Steam engine, internal combustion engine, silicon makes up for size.
Now, India and China are using industrial leverage, and are moving up in the world on a GDP per capita basis.
Chart
~~~
UPDATE: I see that Paul points to a gigantic Excel table, if you want to play with numbers yourself.
Article taken from The Big Picture - http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2010/08/history-of-world-gdp/
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A Economist (numa matéria do ano passado, que só agora fui ler, a despeito de receber a revista em casa) usa os dados de Angus Maddison, conhecidos por todos os historiadores econômicos, para compor a tabela abaixo, das maiores riquezas disponíveis...
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Diplomacia e Relações Internacionais
Evolucao do PIB mundial, por paises - Angus Maddison
History of World GDP
Posted By Barry Ritholtz, August 17, 2010
Via the Economist, we see this intriguing histogram of Global GDP (below)
The Economist notes:
“Data compiled by Angus Maddison, an economist who died earlier this year, suggest that China and India were the biggest economies in the world for almost all of the past 2000 years.”
But then asks a really silly question:
“Why they fell so far behind may be more of a mystery than why they are currently flourishing.”
They were the biggest economies because they had a the biggest populations, and up until 200 years ago, population size was a dominant factor in economic output.
Once the industrial revolution came along, followed by the information revolution, mere size mattered less. First the Europeans, then the Americans leveraged technology to blow out GDP on a per capita basis. Steam engine, internal combustion engine, silicon makes up for size.
Now, India and China are using industrial leverage, and are moving up in the world on a GDP per capita basis.
Chart
~~~
UPDATE: I see that Paul points to a gigantic Excel table, if you want to play with numbers yourself.
Article taken from The Big Picture - http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2010/08/history-of-world-gdp/
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- Quem Sao Os Paises Mais Ricos Do Mundo? Ou As Mais Altas Rendas Per Capita, Historicamente? - The Economist
A Economist (numa matéria do ano passado, que só agora fui ler, a despeito de receber a revista em casa) usa os dados de Angus Maddison, conhecidos por todos os historiadores econômicos, para compor a tabela abaixo, das maiores riquezas disponíveis...
- As Religioes Do Mundo - The Economist
Daily chart Faiths and the faithless The Economist, Dec 18th 2012, 14:45 by Economist.com The world's religious make-up RELIABLE data on the age and whereabouts of the religious and irreligious are hard to come by, which makes a new report on...
- Armas Para Paises Em Desenvolvimento - The Economist
Weapons of mass distributionAug 31st 2012, 15:02 by The Economist online...
- Os Emergentes Emergem, E Como... - Economist
FinanceHey big spendersEmerging economies will buy over half of the world’s imports in 2012Nov 17th 2011 | from The World In 2012 print edition...
- The Rise Of China's Economy - Thomas G. Rawski
THE RISE OF CHINA’S ECONOMY By Thomas G. Rawski Foreign Policy Research Institute, June 2011 Thomas G. Rawski, Professor of Economics and History, joined the University of Pittsburgh's faculty in 1985 after fourteen years at the University of Toronto....