Question

what is the chapter "Brief History of Economic Development about?

Answer 1

The chapter "Brief History of Economic Development" is all about the fact that the economic development that took place in the 1750s which increased the productivity and from there how the Industrial revolution affected the world productivity where from there how Great Britian came to power becoming the first country to cross per capita of $2000. Later, how the first as well as the second world war also affected the economy and the rise of Asian Tigers to power which opened an era of globalisation. Therefore this chapter tells a lot about the evolution of world economy what it is today.