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Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913

Williamson, Jeffrey G. - 2008

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/10012772451

What Determines Immigration's Impact? Comparing Two Global Centuries

Hatton, Timothy J. - 2006

Can history shed light on the modern debate about immigration%u2019s labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of...

Persistent link: https://www.econbiz.de/10012779612

Measuring Ancient Inequality

Milanovic, Branko; Lindert, Peter H.; Williamson, Jeffrey G. - 2012

Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...

Persistent link: https://www.econbiz.de/10012552864

Explaining Inequality the World Round : Cohort Size, Kuznets Curves, and Openness

Higgins, Matthew - 2013

Klaus Deininger and Lyn Squire have recently produced an inequality data base for a panel of countries from the 1960s to the 1990s. We use these data to decompose the sources of inequality into three central parts: the demographic or cohort size effect; the so-called Kuznets Curve or demand...

Persistent link: https://www.econbiz.de/10012712279

Globalization in Historical Perspective

Bordo, Michael D. - 2007

As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been...

Persistent link: https://www.econbiz.de/10012675734

What Fundamentals Drive World Migration?

Hatton, Timothy J.; Williamson, Jeffrey G. - 2021

drawn from more than a century of world migration experience? How do inequality and poverty influence world migration? Is it … world migrations that give rise to public alarm. This paper offers a quantitative assessment of the economic and demographic … fundamentals that have driven and are driving world migration, across different historical epochs and around the world. The paper …

Persistent link: https://www.econbiz.de/10013219966

Growth, Distribution and Demography : Some Lessons from History

Williamson, Jeffrey G. - 2021

experience in the Old World, the New World last century and a half …

Persistent link: https://www.econbiz.de/10013221891

Does Globalization Make the World More Unequal?

Lindert, Peter H.; Williamson, Jeffrey G. - 2021

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/10013221931

The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939 : Volatility and Secular Change

Blattman, Christopher; Hwang, Jason; Williamson, Jeffrey G. - 2021

Most countries in the periphery specialized in the export of just a handful of primary products for most of their history. Some of these commodities have been more volatile than others, and those with more volatile prices have grown slowly relative both to the industrial leaders and to other...

Persistent link: https://www.econbiz.de/10013222998

A Dual Policy Paradox : Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies

Hatton, Timothy J.; Williamson, Jeffrey G. - 2021

Today's labor-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 dual...

Persistent link: https://www.econbiz.de/10013225054