Shortly after my arrival at the OECD in 1996, I came upon the study by Angus Maddison
“Monitoring the World Economy 1820–1992”. It is a fascinating and stimulating work providing a
complete coverage of the world economy during the period in question. It brought together data of
some 56 countries accounting for 93 per cent of the world output and 87 per cent of the world population
and world exports. It never left my desk. Probably I was not alone in my appreciation of this quite
extraordinary work, as I kept coming on references to it in the work of other authors....
In this short book, I try to outline the history of the European economy—which is somewhat different from an economic history of Eu-rope. By “European economy,” I mean a world economy in the sense of Fernand Braudel and Immanuel Wallerstein, one that is of course located in Europe and has some common aspects and some common institutions; one that is somewhat integrated, as its different parts are linked by trade and other relations more intensively than they are linked with other sys-tems; and one that achieves some kind of organic unity (despite diversity, which is typical of Europe)...
Martin J Murray is Professor of Sociology at the State University of New York in Binghamton. He is the author of numerous books, including The development of capitalism in colonial Indochina (Berkeley and Los Angeles: University of California Press 1980), South Africa: time of agony, time of destiny (London and New York: Verso 1987), and Revolution deferred: the painful birth of post-apartheid South Africa (London and New York: Verso 1995).
Globalization has forever changed the way we develop, communicate, and learn. Globalization
has also launched the new challenges and opportunities fundamentally affect our economic
prosperity and government policy, along with its related parties, making judgments and
decisions about the future. The new world of change requires new ways of thinking about
transportation, including thinking about new tools, new alliances, and a new architecture.
A major trend in the world economy in recent years has been the dynamic growth in
a number of regions including China, India, Brazil, Mexico, Russia and the new
European Union member states in Central Europe. The strong economic performance
of these regions will generate a major shift in world competitiveness with
important implications for Europe. Compared to this dynamism, economic growth
in Europe has been weak in recent years.