The Impact Of The Terms Of Trade On Economic Development In The Periphery 1870 1939
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The Impact Of The Terms Of Trade On Economic Development In The Periphery 1870 1939
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Author : Christopher Blattman
language : en
Publisher:
Release Date : 2005
The Impact Of The Terms Of Trade On Economic Development In The Periphery 1870 1939 written by Christopher Blattman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Developing countries categories.
"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 primary product exporters. This fact helps explain the growth puzzle noted by Easterly, Kremer, Pritchett and Summers more than a decade ago: that the contending fundamental determinants of growth institutions, geography and culture exhibit far more persistence than do the growth rates they are supposed to explain. Using a new panel database for 35 countries, this paper estimates the impact of terms of trade volatility and secular change on country performance between 1870 and 1939. Volatility was much more important for accumulation and growth than was secular change. Additionally, both effects were asymmetric between Core and Periphery, findings that speak directly to the terms of trade debates that have raged since Prebisch and Singer wrote more than 50 years ago. The paper also investigates one channel of impact, and finds that foreign capital inflows declined steeply where commodity prices were volatile"--NBER website
The Terms Of Trade And Economic Growth In The Periphery 1870 1938
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Author : Christopher Blattman
language : en
Publisher:
Release Date : 2003
The Terms Of Trade And Economic Growth In The Periphery 1870 1938 written by Christopher Blattman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economics categories.
The contending fundamental determinants of growth -- institutions, geography and culture --exhibit far more persistence than do the growth rates they are supposed to explain. So, what exogenous shocks might account for the variance around those persistent fundamentals? The terms of trade seems to be one good place to look. Using a panel data base for 35 countries, this paper estimates the impact of terms of trade volatility and secular change between 1870 and 1938. We find that volatility was much more important than secular change. Additionally, both effects were asymmetric between core and periphery, findings that speak directly to the terms of trade debates that have raged since Prebisch and Singer wrote more than 50 years ago
The Terms Of Trade And Economic Growth In The Periphery 1870 1983
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Author : Christopher Blattman
language : en
Publisher:
Release Date : 2003
The Terms Of Trade And Economic Growth In The Periphery 1870 1983 written by Christopher Blattman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economic development categories.
Trade And Poverty
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Author : Jeffrey G. Williamson
language : en
Publisher: MIT Press
Release Date : 2013-01-11
Trade And Poverty written by Jeffrey G. Williamson and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-11 with Business & Economics categories.
How the rise of globalization over the past two centuries helps explain the income gap between rich and poor countries today. Today's wide economic gap between the postindustrial countries of the West and the poorer countries of the third world is not new. Fifty years ago, the world economic order—two hundred years in the making—was already characterized by a vast difference in per capita income between rich and poor countries and by the fact that poor countries exported commodities (agricultural or mineral products) while rich countries exported manufactured products. In Trade and Poverty, leading economic historian Jeffrey G. Williamson traces the great divergence between the third world and the West to this nexus of trade, commodity specialization, and poverty. Analyzing the role of specialization, de-industrialization, and commodity price volatility with econometrics and case studies of India, Ottoman Turkey, and Mexico, Williamson demonstrates why the close correlation between trade and poverty emerged. Globalization and the great divergence were causally related, and thus the rise of globalization over the past two centuries helps account for the income gap between rich and poor countries today.
Economic Growth Of Singapore In The Twentieth Century
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Author : Ichir? Sugimoto
language : en
Publisher: World Scientific
Release Date : 2011
Economic Growth Of Singapore In The Twentieth Century written by Ichir? Sugimoto and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Research on Singapore's economic history has been complicated by the absence of economic data on pre-independence Singapore. This book sheds light on two key aspects of Singapore's economic history, namely the relationship between economic instability and growth, as well as the government's fiscal policy towards economic growth.
The Spread Of Modern Industry To The Periphery Since 1871
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Author : Kevin H. O'Rourke
language : en
Publisher: Oxford University Press
Release Date : 2017
The Spread Of Modern Industry To The Periphery Since 1871 written by Kevin H. O'Rourke and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Ever since the Industrial Revolution of the late-eighteenth and early-nineteenth centuries, industrialization has been the key to modern economic growth. The fact that modern industry originated in Britain, and spread initially to north-western Europe and North America, implied a dramatic divergence in living standards between the industrial North (or West) and a non-industrial, or even de-industrializing, South (or Rest). This nineteenth-century divergence, which had profound economic, military, and geopolitical implications, has been studied in great detail by many economists and historians. Today, this divergence between the West and the Rest is visibly unraveling, as economies in Asia, Latin America and even sub-Saharan Africa converge on the rich economies of Europe and North America. This phenomenon, which is set to define the twenty-first century, both economically and politically, has also been the subject of a considerable amount of research. Less appreciated, however, are the deep historical roots of this convergence process, and in particular of the spread of modern industry to the global periphery. This volume fills this gap by providing a systematic, comparative, historical account of the spread of modern manufacturing beyond its traditional heartland, to Southern and Eastern Europe, the Middle East, Asia, Africa, and Latin America, or what we call the poor periphery. It identifies the timing of this convergence, finding that this was fastest in the interwar and post-World War II years, not the more recent miracle growth years. It also identifies which driving forces were common to all periphery countries, and which were not.
International Trade And Economic Growth
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Author : Hendrik Van den Berg
language : en
Publisher: M.E. Sharpe
Release Date : 2007
International Trade And Economic Growth written by Hendrik Van den Berg and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well known theory on international trade, and then take the student into more recent and less well known work, all with a careful balance between empirical and theoretical perspectives. A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. Instructor's Materaial are available online to professors who adopt the text.
The Cambridge Economic History Of Latin America Volume 2 The Long Twentieth Century
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Author : Victor Bulmer-Thomas
language : en
Publisher: Cambridge University Press
Release Date : 2006-01-23
The Cambridge Economic History Of Latin America Volume 2 The Long Twentieth Century written by Victor Bulmer-Thomas and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-23 with Business & Economics categories.
An indispensable reference work for anyone interested in Latin America's economic development.
A History Of The Global Economy
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Author : Joerg Baten
language : en
Publisher: Cambridge University Press
Release Date : 2016-03-10
A History Of The Global Economy written by Joerg Baten and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-10 with Business & Economics categories.
"In co-operation with the International Economic History Association."
Globalization And The Poor Periphery Before 1950
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Author : Jeffrey G. Williamson
language : en
Publisher: MIT Press
Release Date : 2009-08-21
Globalization And The Poor Periphery Before 1950 written by Jeffrey G. Williamson and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-21 with Business & Economics categories.
A leading authority on economic globalization argues that industrialization in the core countries of northwest Europe and its overseas settlements combined with a worldwide revolution in transportation to produce deindustrialization and an antiglobal backlash in industrially lagging poorer countries. In Globalization and the Poor Periphery before 1950 Jeffrey Williamson examines globalization through the lens of both the economist and the historian, analyzing its economic impact on industrially lagging poor countries in the nineteenth and early twentieth centuries. Williamson argues that industrialization in the core countries of northwest Europe and their overseas settlements, combined with a worldwide revolution in transportation, created an antiglobal backlash in the periphery, the poorer countries of eastern and southern Europe, the Middle East, Africa, Asia, and Latin America. During the "first global century," from about 1820 to 1913, and the antiglobal autarkic interwar period from 1914 to 1940, new methods of transportation integrated world commodity markets and caused a boom in trade between the core and the periphery. Rapid productivity growth, which lowered the price of manufactured goods, led to a soaring demand in the core countries for raw materials supplied by the periphery. When the boom turned into bust, after almost a century and a half, the gap in living standards between the core and the periphery was even wider than it had been at the beginning of the cycle. The periphery, argues Williamson, obeyed the laws of motion of the international economy. Synthesizing and summarizing fifteen years of Williamson's pioneering work on globalization, the book documents these laws of motion in the periphery, assesses their distribution and growth consequences, and examines the response of trade policy in these regions.