I've just read most of "Kicking Away The Ladder" (2002, Ha-Joon Chang) and this work makes it clear that Henry VII started the whole textile business in the XVI century. He had lived in the Netherlands, saw the wealth that it created, and put in motion policies geared towards building an industry in Britain (restricting exports and hiring dutch craftsmen). His successors continued his work and in the XVIII century this industry accounted for half of Britain's export revenue.<p>This book is quite interesting; it argues that those economic policies that rich countries now sell to developing nations (through the Washington Consensus, for instance) were actually only put in place after they had become developed. These policies include IP rights, opening up of markets, less government intervention (that's laughable), etc.