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People who grew up in America and Western Europe have become used to the i
People who grew up in America and Western Europe have become used to the i
游客
2024-11-09
1
管理
问题
People who grew up in America and Western Europe have become used
to the idea that the West dominates the world economy. In fact, it is normal 【S1】______
that a group of 30-odd countries with a small fraction of the world’s
population should be calling the shots. For most of human history,
economic power has been determined in demography. In 1700, the world’s 【S2】______
biggest economy (and leading cotton producer) was India, of a population 【S3】______
of 165m, followed by China, with 138m. Britain’s 8. 6m people produced
less than 3% of the world’s input. Even in 1820, as the industrial 【S4】______
revolution in Britain was gathering pace, the two Asian giants still counted 【S5】______
for half the world’s GDP.
The spread of purpose-built manufactories like Quarry Bank Mill separated
economic power and population, increasingly so as the West got richer. Be 【S6】______
able to make a lot of more stuff with fewer workers meant that even a small 【S7】______
country could be a giant economic power. By 1870, the average income in
Britain was six times larger than India. But by the eve of the first world 【S8】______
war, Britain’s income per head had been overtaken by it of America, the 【S9】______
20th century’s great power.
America remains the world’s biggest economy, but that status is in 【S10】______
threat from a resurgent China. With hindsight, its change in fortune can be
traced to 1976. [br] 【S7】
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