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This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013103885
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013112616
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012772451
between these economic relationships and immigration policy. It concludes with an explanation for the apparent difference in … immigration%u2019s impact in the two global centuries, and thus on policy …
Persistent link: https://www.econbiz.de/10012779612
never been constant. Globalization increased poor country specialization in commodities when the world went open after the … of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … answer is less. Three centuries of history shows unambiguously that economic isolation caused by war or autarkic policy has …
Persistent link: https://www.econbiz.de/10012764828
Fears that globalization necessarily hurts the environment are not well-founded. A survey reveals little statistical …
Persistent link: https://www.econbiz.de/10013217954
argues that the likely impact of globalization on world inequality has been very different from what these simple …The world economy has become more unequal over the last two centuries. Since within- country inequality exhibits no … ubiquitous trend, it follows that virtually all of the observed rise in world income inequality has been driven by widening gaps …
Persistent link: https://www.econbiz.de/10013221931
Globalization of trade and finance has gone a long way over the last half-century. But it is less impressive than most … international integration. The paper documents the extent of globalization, and some reasons for the barriers that remains. It then … environment. The conclusion is that globalization is not the primary obstacle to efforts to address such concerns …
Persistent link: https://www.econbiz.de/10013222642
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013231451
/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …-industrial Third World. This paper finds commodity price convergence to have been bigger in the Third World than the Atlantic economy …
Persistent link: https://www.econbiz.de/10013234038