In the first era of financial globalization (1880-1914), global capital market integration led to substantial net … capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization …

by early starters has been the norm in economic history, and that the “reversal of fortune” associated with European …

centuries. It begins with a review of the history of primarily trans-Atlantic migration to the New World during the period of … Oceania and from parts of Asia (primarily India, China and Japan) to other parts of Asia, Africa and the New World. World wars …, immigration restrictions and the Great Depression resulted in a period of low international migration (1913 to 1945). In the post-World …