Transcription of Socio-Economic Development
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Socio-Economic Development
Socio-Economic DevelopmentWhy are poor countries poor and rich countries rich? How are wealth and poverty related tochanges in health, life expectancy, education, population growth and politics? This non-technical introduction to Development studies explores the dynamics of socio -economicdevelopment and stagnation in developing countries. Thoroughly updated and revised, thissecond edition includes new material on the effects of the 2008financial crisis, theemergence of the BRICS economies, the role of institutions in Development and theaccelerated growth of economies in Africa and Asia. Taking a comparative approach,Szirmai places contemporary debates within their broader contexts and combines insightsand theories from economics, economic history, political science, anthropology and soci-ology.
2 Development of the international economic order, 1450–2015 41 2.1. International economic order 41 2.2. Economic breakthrough and external expansion from Western Europe 41 2.2.1. Economic growth before 1500 42 2.2.2. Pre-modern international orders 43 2.2.3. China in the fourteenth and fifteenth centuries 44 2.3.
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