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.