[...]... Developing World xi 13 13 14 18 20 20 24 26 28 29 30 34 36 42 43 46 48 50 53 55 57 60 62 64 66 72 75 77 World Economic Historical Statistics SCHOOLS OF ECONOMIC THOUGHT 79 Mercantilism Physiocratism Liberalism Comparative Advantage Marxism Keynesianism Import Substitution Neo-Mercantilism Mainstream Economics The Lesser of Evils 80 81 83 84 89 90 92 95 97 100 PART II 101 CHAPTER 1 WORLD AND REGIONAL STATISTICS. .. the world and two for the world as a whole 3 World Economic Historical Statistics The use of precise numbers is becoming more common in economics and in the social sciences because figures are fundamental for the harnessing of ideas Statistics supply at a glance a general idea of what took place and people no longer have to speculate in a vacuum The conclusions extracted from the analysis of these statistics. .. GDP expanded by 8% 9 7 World Development Report 1981, The World Bank, Washington D.C., 1981, p 135-137 8 World Development Report 1981 & 2000 — Basic Indicators, The World Bank 9 Hardach, Karl: Wirtschafts Geschichte Deutschlands im 20 Jahrhundert, Deutschland, Vondenhoeck und Ruprecht, 1979, p 192 17 World Economic Historical Statistics FAST AND SUSTAINED Fast and sustained economic growth is the... that lacked significance Even the World Bank was not capable of providing information for every decade in an organized form Instead of supplying a figure for the 1960s, for example, they provide one that covers the period 1960-70 As for books of economic history, they usually provide periods 7 World Economic Historical Statistics such as 1947-58, 1918-38 or 1870-1914 Even economic historians wishing to... became evident that economic statistics had never been elaborated in an orderly and consistent fashion Even academics who specialize in individual countries almost never present a set of statistics covering the whole 20th century — and for the previous centuries, the data is even more chaotic The World Bank in its yearly World Development Report presents the most organized set of statistics for the... of policies 13 World Economic Historical Statistics Economic growth is by far the most important matter for any nation, but growth in itself means little If a nation grows by 0.1% annually, as Europe seems to have done from the tenth to the fifteenth century, it will never get out of poverty The rate of growth must be much faster for it to deliver the desired results Most nations of the world attained... Clarke, Roger & Matko, Dubravko: Soviet Economic Facts 1970-81, Macmillan, London, 1983, p 6-15 3 Perkins, Dwight (ed): China’s Modern Economy in Historical Perspective, Stanford University Press, Stanford-CA, 1975, p 46, 222 15 World Economic Historical Statistics Economics also covers inflation, which is the movement of prices in an economy Fast-rising inflation is seen as an adverse situation because... analyzing the economic history of several nations At first, the research focused on East Asia because by the early 1990s this region was attracting attention worldwide for its fast economic growth in the preceding decades In 1991 the World Bank undertook a major research effort intended to find out why this region had grown faster than all others since the end of World War II The fact that the World Bank... not include mining and construction Manufacturing is all 5 World Economic Historical Statistics production that takes place in a factory Services are all intangible activities that do not fall into agriculture, manufacturing or construction Construction is all building activity Exports represent the value of all goods provided to the rest of the world Population includes all residents living in a country,... the factors that have made human existence so painful Living conditions worldwide were miserable and largely stagnant up to the 18th century, but there were small fluctuations of the economy Hundreds of variables interplayed simultaneously and it is the task of scientists to discover which among those 1 World Economic Historical Statistics variables most contributed to, or allowed for, the small improvements . of this document Date: 2005.08.03 19:14:50 +08'00' WORLD ECONOMIC HISTORICAL STATISTICS WORLD ECONOMIC HISTORICAL STATISTICS Carlos Sabillon Algora Publishing New York © 2005 by. Protection 75 Environmental Sustainability in the Developing World 77 TABLE OF CONTENTS World Economic Historical Statistics xii SCHOOLS OF ECONOMIC THOUGHT 79 Mercantilism 80 Physiocratism 81 Liberalism. (ebook) Library of Congress Cataloging-in-Publication Data — Sabillon, Carlos, 1962- World economic historical statistics / Carlos Sabillon. p. cm. Includes bibliographical references and index.