Andre Gunder Frank's "Asian-Based World Economy 1400–1800: A Horizontally Integrative Macrohistory"

Read the excerpts from Andre Gunder Frank's book.

In this article, economic historian Andre Gunder Frank, who teaches at the University of Amsterdam, discusses the economic relationship between Europe and Asia in the 16th and 17th centuries. He argues that Asian nations were far wealthier and more powerful than European nations during these centuries and did far more to shape the world economy. Only in the 19th century, thanks to the Industrial Revolution and European colonization efforts, did European nations surpass Asian nations in economic power. As you read, consider the historical evidence that Gunder Frank presents to support his arguments. Why does he characterize Europe as the "caboose" to the "Asian economic train"?