world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …

of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …

countries joined their club. Furthermore, by the interwar the majority were catching up on Germany, the US and the UK, a process … that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world-wide and this … to have taken resource advantages away from the European and North American leaders, and integrating world financial …

countries joined their club. Furthermore, many were actually catching up on Germany, the US and the UK. The paper then reports …

A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time … for 10 in the so-called greater Atlantic economy: Australia, Britain, Canada, Denmark, France, Germany, Ireland, Spain …/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …

the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …