Scott Alexander reviews a book on global economic history, discussing various factors and strategies that have influenced national development and industrialization.
Longer summary
Scott Alexander reviews the book 'Global Economic History: A Very Short Introduction', which explores why some countries are richer than others and how nations have attempted to industrialize. The book avoids explanations based on cultural superiority or colonial exploitation, instead focusing on historical factors like the Industrial Revolution and various development models. It discusses the challenges faced by countries trying to industrialize in different eras and the effectiveness of different economic strategies, including planned economies and free market approaches.
Shorter summary