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Lecture 3
A Brief History of Economic
Development
The Age of Sustainable Development
3.1. Depiction of Industrial Revolution-era Factory Town
Karl Eduard Biermann: Borsig-Maschinenbauanstalt zu Berlin. 1847.
3.2. Kondratiev Waves
3.3. Year (or Projected Year) Passing $2,000 GDP per capita
Source: McCord, Gordon, and Jeffrey Sachs. 2013. “Development, Structure, and Transformation: Some Evidence on Comparative Economic Growth.” NBER
Working Paper No. 19512. Washington, DC: National Bureau of Economic Research.
3.4. Africa under Colonial Rule (1914)
“Colonial Africa 1914 map,” Declangraham et al., Wikimedia Commons, CC BY-SA 3.0,2.5,2.0,1.0.
3.5. Flying Geese Formation
“Canada Goose,” Joshua Mayer, Flickr, CC BY-SA 􀀀.􀀀.
3.6. Distribution of Textile Production Sites, 1999
Source: United Nations Conference on Trade and Development. 2001. World Investment Report 2001: Promoting Linkages. New York: United
Nations.
3.7. Distribution of Foreign Direct Investment in China (1999)
Source: United Nations Conference on Trade and Development. 2001. World Investment Report 2001: Promoting Linkages. New York: United
Nations. Note: Yellow dots represent FDI stock by major city; provinces are shaded according to FDI.
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