The Economic History of the Last 2,000 Years in 1 Little Graph
June 22, 2012 11:54 AM Subscribe
GDP since Jesus. That headline is a big promise. But here it is: The economic history of the world going back to Year 1 showing the major powers' share of world GDP, from a research letter written by Michael Cembalest, chairman of market and investment strategy at JP Morgan.
everything to the left of 1800 is an approximation of population distribution around the world and everything to the right of 1800 is a demonstration of productivity divergences around the world.
posted by Golden Eternity (79 comments total)
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Unfortunately the original research letter is no longer available, but there are more charts and discussion in partII
and this Economist blog post
In other words, the current hand-wringing over the ascent of Asia needs to be seen in historical context: as the restoration of Asian economic supremacy after a small blip.
Among the points it presents is that in the first decade of the 21st century, the population of the world produced more economic output than in the first 19 centuries of the common era combined.