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...

What accounts for the differences in rates of emigration from Latin America compared with those from other sending regions such as Asia and Africa? Why do cross-border migration rates vary so much across Latin America? What explains those rates? This paper looks at evidence covering the period...

Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know that commodity price volatility is a key source of those shocks. This paper explores commodity and manufactures price over the past three centuries to answer three questions: Has...

Jeffrey Williamson is a leading authority on the economic history of the international economy. His interests cover a wide area within the field of economic history and include research on international economic development, the industrial revolution, industrialisation and de-industrialisation,...