... 1820, living standards in West Europe were doublethose in China, reflecting the gains reaped during the first phase of the industrial revolution. Thereafter, the disparity accelerated, peaking in 1950at ... becausethey are better classified as part of the Anglo -American model, then the position of Continental Europe has eroded. The deterioration of the formerP1: FCW052185 744 9c09 Printer: cupusbw CUNY475B/Rosefielde ... 34, 0882 040 22,170 14, 029 1,329 4, 136 44 , 842 2050 28,658 16 ,43 1 1 ,42 1 4, 6 14 58,989Source: AngusMaddison,TheWorldEconomy:HistoricalStatistics,OECD,Paris,2003,pp. 45 , 57, 83, 86, 109, 111, 1 64, ...