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Showing posts from May, 2017

On India,China and Rest of World-PART II

India and China were the economic power houses of the medieval period. In fact , if we travel back into the past, we will find that the world of today is surprisingly similar to the ancient world, as explained in this post. So how did the situation reverse in the later centuries?How did the two countries became so poor in the later centuries? To answer this question, we need to travel to 16th century in time and  to a small region in Europe known as Holland.  Holland mind you, was not a country then, but a collection of city states who came under a rather crude constitution. If you peruse the history of world, you will notice that sometimes an idea germinates in one small region but ends up changing the entire face of humanity. Wheel, fire, language and so on.. come to my mind from the ancient time. An equally important idea seeded in Holland. For, in Holland of the medieval times, the seeds of what we now call as the modern economy, were sown. The idea of a highly skilled worker, th…