Showing 1 - 8 of 8
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … markets also reduced the cheap capital advantage of the leaders. However, ever-cheaper labor was not a serious cause of …
Persistent link: https://www.econbiz.de/10008915805
Middle East and North Africa, Asia, and sub-Saharan Africa) between 1870 and 2007. We find that although the roots of rapid …
Persistent link: https://www.econbiz.de/10011083854
On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards....
Persistent link: https://www.econbiz.de/10005124320
Today's labour-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...
Persistent link: https://www.econbiz.de/10005114287
its cause? The conventional wisdom in the world history literature offers globalization as the answer: it alleges that … European import demand and foreign export supply from Asia and the Americas. The behaviour of the relative price of foreign …
Persistent link: https://www.econbiz.de/10005656143
answer is less. Three centuries of history show unambiguously that economic isolation caused by war or autarkic policy has … early 19th century; but it did not do so after the 1970s as the Third World shifted to labor-intensive manufactures. Whether …
Persistent link: https://www.econbiz.de/10005656266
This paper asks whether history can shed light on the modern debate about immigration's labour market impact in high …
Persistent link: https://www.econbiz.de/10005656429
There are two contrasting views of pre-19th century trade and globalization. First there are the world history scholars … important events in recorded history. Second, there is the view that the world economy was still fragmented before the 19th …
Persistent link: https://www.econbiz.de/10005661898