Why am I passionate about this?
One of the oldest questions is: why are some countries rich and some countries poor? Adam Smith famously answered that it was the division of labor (specialization) and trade in his book The Wealth of Nations. The more you study trade, however, the more complicated the answer becomes. I have been grappling with this question since the 1990s, as a student, and I still do not have a simple answer like Adam Smith. However, I think I have come up with a framework to understand how the economic history of the world developed and I have been teaching that global history in college as a professor since the 2010s.
Yasuhiro's book list on cities, their trades, and world trade
Why did Yasuhiro love this book?
Taking us away from cities, this book will set your eyes on how these cities and their trades fit within a global framework. Kenneth Pomeranz argues that the key was the Americas which allowed Europe to engage in further specialization, and the fortunate location of coal in Britain, the country that started the industrial revolution. This industrial revolution was the key difference that led to the dominance of the West in global affairs.
2 authors picked The Great Divergence as one of their favorite books, and they share why you should read it.
The Great Divergence brings new insight to one of the classic questions of history: Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia? As Ken Pomeranz shows, as recently as 1750, parallels between these two parts of the world were very high in life expectancy, consumption, product and factor markets, and the strategies of households. Perhaps most surprisingly, Pomeranz demonstrates that the Chinese and Japanese cores were no worse off ecologically than Western Europe. Core areas throughout the eighteenth-century Old World faced comparable local shortages of land-intensive products, shortages…