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Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for trade in explaining British living standards or growth rates. We construct a three-region model of the world in which Britain trades with North America and the rest of the world,...
Persistent link: https://www.econbiz.de/10011083876
have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … trade with the rest of the world, not the American colonies, that allowed Britain to export its rapidly expanding textile …
Persistent link: https://www.econbiz.de/10005497925
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