By: Raza Haider The world economy saw a‘great divergence’ as a result of the first two Industrial Revolutions (IR-1 and IR-2) between 1750 and 1950 AD. During this timeframe, the economic shift occurred from “East to West” as a result of industrial development by Western European nations led by Great Britain. The key to their success was using then-new technologies like steam power, mechanization, automobiles, railways, telegraphs, or electricity at every level of industrialization. This technological trendgave rise to the 3rdIndustrial Revolution which was led this time by the UnitedRead More