, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …

Introduction : geographical and historical background -- The world economy at the turn of the first millennium -- World … trade 1000-1500 : the economic consequences of Genghis Khan -- World Trade 1500-1650 : old world trade and new world silver … -- World trade 1650-1780 : the age of mercantilism -- Trade and the industrial revolution -- World trade 1780-1914 : the great …