The Prosperity of Vice by Daniel Cohen

Author:Daniel Cohen [Cohen, Daniel]
Language: eng
Format: epub
ISBN: 9780262300667
Published: 2012-08-14T16:00:00+00:00

III

The Time of Globalization

11

The Return of India and China

The Great Divergence

Twentieth-century history resumed its march. Between the death of Mao and the fall of the Berlin Wall, a new phenomenon called globalization reset the counter of human history to zero. What instituted it can be summarily expressed as the return of India and China to the game of world capitalism. Despite ideas that circulated a few years earlier, the cultural specificities of those countries did not pose insurmountable resistance to the reign of the market. To grasp the exceptional scope of this turning point, let us return to the reasons why these two great civilizations had been eclipsed by Europe in the course of the three previous centuries, before we move on to how they returned to the table of world capitalism.

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