Differences in per capita incomes increased dramatically

Reference no: EM133598660

Question

Differences in per capita incomes increased dramatically between 1800 and 1950 (The great divergence), with the gap widening between the countries of Western Europe, the US, Canada, Australia and New Zealand as a group and the rest of the world.

- The countries of Africa, Asia and South America were largely left behind.

- Some countries closed the gap in the 20th century (South Korea, Malaysia, China, Chile, Botswana).

Reference no: EM133598660

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