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spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have … relative spice prices, that is, accounting for inflation. It also draws on evidence from Iberia and northern Europe. In …
Persistent link: https://www.econbiz.de/10012466787
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/10012473475