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Were trade and factor mobility substitutes in history ?

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Industrial catching up in the poor periphery 1870 - 1975

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, a process that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world … world financial markets also reduced the cheap capital advantage of the leaders. However, ever-cheaper labor was not a …

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The spread of manufacturing to the periphery 1870 - 2007 : eight stylized facts

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