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 … been associated with much greater commodity price volatility, while world market integration associated with peace and pro …

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 …

trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently …, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de-industrialization … divergence between core and periphery. Third, the boom and its de-industrialization impact was only part of the story; growth …

in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency …

/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre … World, more clearly exposed by the absence of significant industrialization and capital-deepening forces there prior to 1940 …A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …

labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …

world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence … years were also ones of economic autarky and 'de-globalization', while the rest were ones of increasing globalization in …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …