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/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/10012470966
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
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/10012471648
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/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
economic relationships and immigration policy. It concludes with an explanation for the apparent difference in immigration …'s impact in the two global centuries, and thus on policy …
Persistent link: https://www.econbiz.de/10012466251
The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … globalization on commodity price structure, the causes of protection, the impact of world migration on poverty eradication, and the … with World War I and the second started at the end of World War II, while the years in between were ones of anti …
Persistent link: https://www.econbiz.de/10012469549
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/10012470496
produced prior to World War I were at least partly responsible for the interwar retreat from globalization. Will the world …The late 19th and the late 20th century shared more than simply globalization and convergence. Globalization also seems … Borjas and Wood think that globalization accounted for something like a third to a half of the rise in inequality in America …
Persistent link: https://www.econbiz.de/10012473368
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 …
Persistent link: https://www.econbiz.de/10012473616