Book Description

Placing the controversial globalization process in historical context, DeWitt brings this increasingly important topic to life through the experiences of the two most populous states of the Western Hemisphere—Brazil and the United States. Comparing their development processes from the Colonial Era to 1900, he highlights the dramatically different consequences that are incorporated into the world economy for these two states. Sharing similar experiences during the Colonial Era, the countries' internal differences and differing relationships with Great Britain, the economic superpower of the 19th century, led to very different development paths. By 1900, the United States had become a member of the economic core, while Brazil remained mired in the semi-periphery. Pointing out the similarities and differences in the economic development of the United States and Brazil, DeWitt emphasizes that the manner of incorporation into the world economy greatly affected one becoming a superpower and the other remaining a developing nation. This book offers unique insights into globalization, economic development, and the histories of the United States and Brazil.