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Essays by internationally prominent economists examine long run cross-country economic trends from the perspective of New Comparative Economic History, an approach pioneered by Harvard economist Jeffrey G. Williamson. The innovative approach to economic history known as the New Comparative Economic History represents a distinct change in the way that many economic historians view their role, do their work, and interact with the broader economics profession. The New Comparative Economic History reflects a belief that economic processes can best be understood by systematically comparing experiences across time, regions, and, above all, countries. It is motivated by current questions that are n...
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...
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 par...
A definitive two-volume work on the rise, development, spread and impact of capitalism across the world.
Internationally, globalization and increased economic integration has impacted quality of life and individual well-being. Attempts to evaluate the impact on income dispersion from this process have been extremely controversial. This key volume is the first real attempt to build up indices and a theoretical framework in order to deal with inequality of opportunity, and to enable social and political institutions to monitor increasing disparities in well-being and social exclusion. It thoroughly examines the possible relationships between the recent acceleration in economic integration and inequality among persons and countries and will enable social and political institutions to monitor incre...
First Published in 2005. This thirteen-chapter title is divided into three parts and concludes with five appendices, references, and index. The first part focuses on income inequality and the historical state of wages. The second begins the discussion on the driving forces of economic inequality and equilibrating factors. The third provides a model for inequality in a resource-scarce open economy with data, theory, and debate. Appropriate for economic students and those interested in British economic history.
Between 1550 and 1800 the Northern Netherlands went through a period of intense economic development. This did not leave the surrounding regions untouched. International trade blossomed, tens of thousands of foreign workers found employment in the Netherlands and many millions of guilders were channelled abroad to finance foreign commercial undertakings and government policies. This book offers the first systematic analysis of the international impact of Dutch economic development and investigates the economic consequences of Dutch dominance in the areas bordering the North Sea. By using a wide variety of sources and literature Christiaan van Bochove describes the international flows of goods, people and money, focussing attention on the effects on the prices of everyday goods, the wages of labourers and interest rates. This book shows how, by the end of the eighteenth century, the development of the Dutch economy had turned the North Sea region into an integrated spatial economy that operated at the frontier of what was technologically and institutionally possible.
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 wor...
The Prospect of Global History takes a new approach to the study of global history, seeking to apply it, rather than advocate it. The volume seeks perspectives on history from East Asian and Islamic sources as well as European ones, and insists on depth in historical analysis. The Prospect of Global History will speak to those interested in medieval and ancient history as well as modern history. Chapters range from historical sociology to economic history, from medieval to modern times, from European expansion to constitutional history, and from the United States across South Asia to China.
The Routledge Handbook of Southeast Asian Economics offers new insights into the rapidly-developing economies of Southeast Asia. Despite widespread initial deprivation, Southeast Asia has achieved and sustained a remarkable rate of growth, in the course of which tens of millions have successfully escaped severe poverty. Though the economies of the region vary in many dimensions, integration into the wider East Asian network of production and trade is a notable common feature, one that continues a centuries-long history of engagement with global trade. A second striking feature is the pace and extent of transformation in the structure of production and in sources of household income in the re...