of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …

third view which argues that the world economy was fragmented and completely de-globalized before the 19th century. None of … three competing views. Both tests show: there is no evidence supporting the view that the world economy was globally … on the global economy that world historians assign to them; but there is abundant evidence supporting the view that the …

, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …