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The wealth of wealthy nations: business enterprises, social institutions and economic development

Author: Lazonick, William ; O'Sullivan, Mary A.INSEAD Area: Strategy In: Leading the world economically - Crouzet, François;Clesse, Armand - 2003 - Book Language: EnglishDescription: p. 39-57.Type of document: INSEAD ChapterNote: Please ask us for this itemAbstract: Charles Kindleberger's World Economic Primacy: 1500-1990 (1996) was a seminal book, which reintegrated history within economics and put into the forefront the problem of primacy, which had been neglected by most economists. The present book gathers fifteen essays by well-known economists and historians, who are experts in various fields, and who discuss and complement Kindleberger's views. The factors, thanks to which some states reached a position of primacy, are thoroughly examined - especially technological progress, adaptability, creativity, and institutions. The role of aggression, violence and war, the failure of challengers, like France, Germany, and Japan, are also considered. It is stressed, however, that the nature (or intensity) of primacy and its factors have greatly changed during the last five centuries: the positions of Venice, c. 1500, and of the USA, c. 2000, were quite different. Analysis of the specificity, limits and future of American dominance makes this book highly topical.
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Charles Kindleberger's World Economic Primacy: 1500-1990 (1996) was a seminal book, which reintegrated history within economics and put into the forefront the problem of primacy, which had been neglected by most economists. The present book gathers fifteen essays by well-known economists and historians, who are experts in various fields, and who discuss and complement Kindleberger's views. The factors, thanks to which some states reached a position of primacy, are thoroughly examined - especially technological progress, adaptability, creativity, and institutions. The role of aggression, violence and war, the failure of challengers, like France, Germany, and Japan, are also considered. It is stressed, however, that the nature (or intensity) of primacy and its factors have greatly changed during the last five centuries: the positions of Venice, c. 1500, and of the USA, c. 2000, were quite different. Analysis of the specificity, limits and future of American dominance makes this book highly topical.

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