Clingingsmith, David; Williamson, Jeffrey G. - 2021
India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19 … deindustrialization as a consequence. While India produced about 25 percent of world industrial output in 1750, this figure had fallen to … much to world price shocks. We use an open, three-sector neo-Ricardian model to organize our thinking about the relative …
