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More industrial revolutions

In: A History of the Global Economy

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Abstract

The main argument of this chapter is that there is no economic miracle among the industrialising nations since the economies entering the modern economy had already satisfied a range of enabling conditions and neutralised disabling conditions. It tracks entry into the industrial phase across Europe, noting variations from an alleged British template of industrialisation, resulting from idiosyncratic differences in previous history, in environmental conditions and in geo-strategic positions. It refers in particular to the experience of France and of Germany. It considers the industrial surge in the USA which carried it to a position of economic and technological leadership. The chapter concludes by considering weaknesses in the capitalist market system and how the Soviet Union sought to provide an alternative set of policies and a different pathway to industrialisation, with a limited degree of success.

Suggested Citation

  • ., 2018. "More industrial revolutions," Chapters, in: A History of the Global Economy, chapter 21, pages 375-393, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18481_21
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    File URL: https://www.elgaronline.com/view/9781788971973.00032.xml
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    Cited by:

    1. Ines Lindner & Holger Strulik, 2020. "Innovation And Inequality In A Small World," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 683-719, May.
    2. Ho, Calvin K. & McAuley, Kimberley B. & Peppley, Brant A., 2019. "Biolubricants through renewable hydrocarbons: A perspective for new opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    3. Ahmadisedigh, Hossein & Gosselin, Louis, 2022. "Combined heating and cooling networks with part-load efficiency curves: Optimization based on energy hub concept," Applied Energy, Elsevier, vol. 307(C).
    4. Ahmadisedigh, Hossein & Gosselin, Louis, 2019. "Combined heating and cooling networks with waste heat recovery based on energy hub concept," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    5. Kim, Sehoon & Connerton, Timothy Paul & Park, Cheongyeul, 2021. "Exploring the impact of technological disruptions in the automotive retail: A futures studies and systems thinking approach based on causal layered analysis and causal loop diagram," Technological Forecasting and Social Change, Elsevier, vol. 172(C).

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    Keywords

    Development Studies; Economics and Finance;

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