World Economic Performance
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World Economic Performance

Past, Present and Future

Edited by D. S.P. Rao and Bart van Ark

World economic performance over the last 50 years has been spectacular. The postwar period has witnessed impressive growth rates in Western Europe and Japan, and in recent times China and India. This new book discusses these issues and tackles topical questions such as; what are the socio-economic and institutional factors that have contributed to this impressive performance? Will China and India continue to grow at the same rate over the next two decades? What are the prospects for Japan, the US and other advanced economies? The book brings together contributions by eminent scholars including the late Angus Maddison, Professors Justin Lin, Bob Gordon, Ross Garnaut, Bart van Ark and others to provide answers to these fascinating questions. The chapters analyse the economic performance of selected countries including China, India, Japan, Indonesia and the US, as well as Western Europe, Latin America and developing countries as a group. The time period of the study is from 1850 to the present and includes forecasts to 2030.
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A Story Behind Each Number - Angus Maddison (1926-2010)


Just as the global economy is experiencing one of the biggest economic crises of the past century, the economics profession lost one of the world’s most gifted scholars ever to document economic performance over long periods of time. Angus Maddison died from complications arising from leukemia on April 24, 2010 at the American Hospital in Paris. He was buried in the church graveyard in Chevincourt, a village near Compiègne where he had lived with his wife Penny for the latter part of his life. He is also survived by his two sons, George and Charles, his daughter Lizzy, and five grandchildren. Angus Maddison has been an active member of the International Association for Research in Income and Wealth since 1968. He has participated in at least a dozen conferences of the Association, was a member of the editorial board of The Review of Income and Wealth from 1990 to 1997, and has published five articles in the Review since 1980. His last two articles in the Review were, respectively, drawn from the first Ruggles Keynote Lecture on measuring world economic performance which he delivered at the 28th General Conference of the Association in 2004 in Cork, Ireland (Maddison, 2005), and from his introductory lecture on measuring economic performance in China for the 2007 Beijing Special Conference on Transition Economies (Maddison, 2008). Angus also played an important role in organizing several sessions in the area of measuring long-term growth at conferences and stimulated the participation of many scholars in this area.

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