Poverty from the Wealth of Nations: Integration and Polarization in the Global Economy Since 1760
This text presents an analysis of the evolution of global disparities. It inserts two additional asymmetries into the global economy; those created by “unequal races” and unequal states. The author analyzes not only the power of markets, but the powers that shaped these markets. More importantly, he marshalls cross country evidence to show that loss of sovereignty retarded industrialization, human capital formation and economic growth.