The Element highlights the monopolization and exclusion from high-value knowledge in analysing divergent and, recently, partially convergent income trends across 200-odd years of the global capitalist economy. A Southern lens interrogates this history, in the process showing how developing command over knowledge creation sheds light on the middle-income trap. Overall, it shows a new way of looking at global capitalist economic history, highlighting the creation of, command over and exclusion from knowledge. This forces us to analyse the role of the subjective or agential element in making history; a subjective element that, however, always works from within and transforms existing structures and processes. This title is also available as Open Access on Cambridge Core.
1. Global Inequality; 2. Knowledge and Its Enclosure; 3. Adverse Specialization and Divergence, 1820–1950; 4. Limited Convergence, 1950 to the Present; 5. The Middle-Income Trap; 6. Developing the Knowledge Economy; 7. Conclusions.
'This book is sure to be of great interest to those concerned with the history of global Inequality in the modern world, and highlights the ways in which knowledge enclosures shape and deepen economic enclosures under industrial capitalism. The book is written in accessible prose, which makes it easy for scholars at all levels to engage its important arguments.' Arjun Appadurai, Professor Emeritus, New York University