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The World Economy
A MILLENNIAL PERSPECTIVE The World
Angus Maddison provides prehensive view of the growth and levels of world
population since the year 1000. In this period, world population rose 22-fold, per capita GDP
13-fold and world GDP nearly 300-fold. The biggest gains occurred in the rich countries of Economy
today (Western Europe, North America, Australasia and Japan). The gap between the world
leader – the United States – and the poorest region – Africa – is now 20:1. In the year 1000,
the rich countries of today were poorer than Asia and Africa. A MILLENNIAL PERSPECTIVE
The book has several objectives. The first is a pioneering effort to quantify the economic
performance of nations over the very long term. The second is to identify the forces which
explain the ess of the rich countries, and explore the obstacles which hindered advance
in regions which lagged behind. The third is to scrutinise the interaction between the rich
and the rest to assess the degree to which this relationship was exploitative.
The World Economy: A Millennial Perspective is a “must” for all scholars of economics and
economic history, while the casual reader will find much of fascinating interest. It is also
a monumental work of reference. The book is a sequel to the author’s 1995 Monitoring the The World Economy: A Millennial Perspective
World Economy: 1820-1992 and his 1998 Chinese Economic Performance in the Long Run,
both published by the OECD Development Centre.
All OECD books and periodicals are now available on line
ANGUS MADDISON
This work is published under the auspices of the OECD
Development Centre. The Centre parative ISBN 92-64-18608-5
development analysis and policy dialogue, as described at: 41 2001 01 1 P
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Development Centre Seminars
THE WORLD ECONOMY:
A MILLENNIAL PERSPECTIVE
by
Angus Maddison
DEVELOPMENT CENTRE OF ANISATION
FOR ECONOMIC CO–O