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>"The biggest fact about world economic development in the last two centuries is income divergence--not income convergence as once thought. The high-income countries at the beginning of the 19th century have grown faster than the low-income countries, thus increasing international economic disparities. Western Europe and north America were the high-income regions in 1800 and in 1913 and have increased their lead over most of the world where growth has been much more modest. Only a few countries (notably the southern cone of South America) that were rich at the beginning of the 20th century have fallen into the camp of the poor countries, and only a few countries that were poor in 1800 have joined the prosperous. These include Japan, its former colonies South Korea and Taiwan, and the USSR".
>Allen, Robert C.
>Comparative Economic Studies • June, 2005 •