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On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards....
Persistent link: https://www.econbiz.de/10005124320
There are two contrasting views of pre-19th century trade and globalization. First there are the world history scholars … important events in recorded history. Second, there is the view that the world economy was still fragmented before the 19th …
Persistent link: https://www.econbiz.de/10005661898