Description
Why Europe Grew Rich and Asia Did Not provides a striking new answer to the classic question of why Europe industrialised from the late eighteenth century and Asia did not. Drawing significantly from the case of India, Prasannan Parthasarathi shows that in the seventeenth and eighteenth centuries the advanced regions of Europe and Asia were more alike than different, both characterized by sophisticated and growing economies. Their subsequent divergence can be attributed to different competitive and ecological pressures that in turn produced varied state policies and economic outcomes. This account breaks with conventional views, which hold that divergence occurred because Europe possessed superior markets, rationality, science or institutions. It offers instead a groundbreaking rereading of global economic development that ranges from India, Japan and China to Britain, France and the Ottoman Empire and from the textile and coal industries to the roles of science, technology and the state.
Table of Contents
1. Introduction; Part I. Setting the Stage: Europe and Asia before Divergence: 2. India and the global economy, 1600–1800; 3. Political institutions and economic life; Part II. The Divergence of Britain: 4. The European response to Indian cottons; 5. State and market: Britain, France, and the Ottoman Empire; 6. From cotton to coal; Part III. The Indian Path: 7. Science and technology in India, 1600–1800; 8. Industry in early nineteenth-century India; 9. Conclusion.
