Re: poly: Modeling Economic Singularities

From: CurtAdams <>
Date: Thu Apr 30 1998 - 16:23:18 PDT

In a message dated 4/30/98 1:57:33 PM, wrote:

>Robin Hanson writes:
>> >The U.S. had similar growth rates during the industrial revolution.
>> Britain invested huge amounts in the U.S. during this period.
>> An isolated U.S. would not have grown nearly as fast.
>Britain also had massive growth in this period. Who was the external

Actually it didn't. British per capita growth rates in the 19th
century were 1-2%. There's never been a sustained period where the most
advanced country in the world had a growth rate of even 5%, and 2-3%
has been the norm even in this century.

The U.S. also had the benefit of being able to
copy the British technologically, organizationally, and culturally.
IMO this is more important than the investment flows. East Asia's
boom capital mostly came from internal savings.
Received on Thu Apr 30 23:36:04 1998

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