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Debate over trends in the terms of trade between primary commodities and manufactures, their causes and their impact has dominated the literature for more than a century. Classical economists claimed that the terms of trade of primary commodities should improve since land and natural resources...
Persistent link: https://www.econbiz.de/10013227739
There are two contrasting views of pre-19th century trade and globalization. First, there are the world history … were the two most important events in recorded history. Second, there is the view that the world economy was fragmented and … global economy that world historians assign to them, while there is plenty of evidence of a very big bang in the 19th century …
Persistent link: https://www.econbiz.de/10014175442
Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...
Persistent link: https://www.econbiz.de/10014223115
world migrations that give rise to public alarm. This paper offers a quantitative assessment of the economic and demographic … fundamentals that have driven and are driving world migration, across different historical epochs and around the world. The paper … drawn from more than a century of world migration experience? How do inequality and poverty influence world migration? Is it …
Persistent link: https://www.econbiz.de/10013219966
experience in the Old World, the New World last century and a half …
Persistent link: https://www.econbiz.de/10013221891
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 … between nations, while almost none of it has driven by widening gaps within nations. Meanwhile, the world economy has become …
Persistent link: https://www.econbiz.de/10013221931
Most countries in the periphery specialized in the export of just a handful of primary products for most of their history. Some of these commodities have been more volatile than others, and those with more volatile prices have grown slowly relative both to the industrial leaders and to other...
Persistent link: https://www.econbiz.de/10013222998
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost two centuries? This paper seeks answers to this dual...
Persistent link: https://www.econbiz.de/10013225054
reports a set of world tariff facts for the 150 years between 1789 and 1938 that have not been well appreciated. First, tariff … industrially-lagging Europe, and more steeply even in Asia. Furthermore, after world tariff rates rose between 1865 and 1900, they … world tariff facts come from two sources: Stolper-Samuelson -- scarce factors should lobby for protection when exposed to …
Persistent link: https://www.econbiz.de/10013227023
This paper documents the size and timing of the world inter-continental trade boom following the great voyages in the … was its cause? The conventional wisdom in the world history literature offers globalization as the answer: it alleges that …
Persistent link: https://www.econbiz.de/10013227872