ENGLISH

Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy

By Kevin H. O'Rourke; Jeffrey G. Williamson

Book information

Publisher
MIT Press
Year
2001
ISBN
0262650592, 9780262650595
Language
english
Format
PDF
Filesize
1 MB (1389337 bytes)
Pages
356\356
Time added
2020-09-14 22:12:48

Description

Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914--the first great globalization boom, which anticipated the experience of the last fifty years. Globalization is not a new phenomenon, nor is it irreversible. In Gobalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914--the first great globalization boom, which anticipated the experience of the last fifty years. The authors estimate the extent of globalization and its impact on the participating countries, and discuss the political reactions that it provoked. The book's originality lies in its application of the tools of open-economy economics to this critical historical period--differentiating it from most previous work, which has been based on closed-economy or single-sector models. The authors also keep a close eye on globalization debates of the 1990s, using history to inform the present and vice versa. The book brings together research conducted by the authors over the past decade--work that has profoundly influenced how economic history is now written and that has found audiences in economics and history, as well as in the popular press. Contents List of Figures Acknowledgments 1 Globalization and History 2 Convergence in History 3 Transport Revolutions and Commodity Market Integration 4 Were Heckscher and Ohlin Right? 5 The Politics of Free Trade: Repeal of the Corn Laws 6 Globalization Backlash: Tariff Responses 7 Mass Migrations: Why They Moved 8 Mass Migrations: Impact on Labor Markets, Home and Abroad 9 Globalization, Relative Factor Price Convergence and Inequality 10 Globalization Backlash: Migration Policy Gets Restrictive 11 Forging and Breaking Global Capital Markets 12 International Capital Flows: Causes and Consequences 13 Trade and Factor Flows: Substitutes or Complements? 14 Lessons from History Appendix: Trade Theory and Computable General Equilibrium Models Notes References Index

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