No, I haven't read it, and I don't intend to. I know well enough what it claims to be able to reject it.
The West did not have all of those things simultaneously, or at least, several Western countries didn't, and yet managed to be among the most powerful in the world. Democracy appeared in the West centuries *after* the Divergence had begun, and the places that had it weren't on average significantly more developed than the places that didn't have it. Prussia/Germany, for one, managed to be one of the leading states of the West despite being autocratic and authoritarian. Medicine? It was a luxury of the upper classes during the EU era, things like mass vaccination only happened in the 19th century, after the Divergence had gone on for centuries already.
I know about Max Weber, and the fact that someone else thought of the same before Ferguson doesn't make it true. Anyone who believes the ascendancy of the West is due to the fact that Protestants have better work ethics than others should get acquainted with some of the sweatshop workers who make our sneakers for us, or with guest workers toiling away in inhuman conditions in the Gulf states to be able to support their families back home. Then get back to me and tell me how Protestants rule because heathens are lazy :huh:
I'll grant that Ferguson is onto something when he invokes the importance of property rights for economic development, but the rest, bleh.