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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 … been associated with much greater commodity price volatility, while world market integration associated with peace and pro …
Persistent link: https://www.econbiz.de/10012463899
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/10012464805
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10012469529
The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … with World War I and the second started at the end of World War II, while the years in between were ones of anti … concessions to the losers took the form of anti-global policy manifested by immigration restriction in the high-wage countries and …
Persistent link: https://www.econbiz.de/10012469549
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/10012470496
Some world historians attach globalization big bang' significance to 1492 (Christopher Colombus stumbles on the … important events in recorded history. Other world historians insist that globalization stretches back even earlier. There is a … third view which argues that the world economy was fragmented and completely de-globalized before the 19th century. None of …
Persistent link: https://www.econbiz.de/10012471135
cohort size effect; the so-called Kuznets Curve or demand effects; and the commitment to globalization or policy effects. We …
Persistent link: https://www.econbiz.de/10012471565
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 …
Persistent link: https://www.econbiz.de/10012473616
will be pleased to hear that it probably accounted for more than a third of the rising inequality in the New World and for … produced prior to World War I were at least partly responsible for the interwar retreat from globalization. Will the world …
Persistent link: https://www.econbiz.de/10012473368