The economic history of the modern world

This unit introduces you to the economic history of the modern world. Employing recent insights from both history and economics, it examines major turning points, trends, and events in the development of the modern world. Upon completing this unit, you will be able to explain and describe the long-run pattern of development, leadership, and decline in the world economy since the industrial revolution; evaluate the role of culture, institutions, and the environment in such change; and apply the methods of historical and economic analysis to contemporary debates on the future of the world’s development.