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Path dependence, time lags and the birth of globalisation: A critique of O'Rourke and Williamson

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  • FLYNN, DENNIS O.
  • GIRÁLDEZ, ARTURO

Abstract

In a recent issue of the European Review of Economic History (vol. 6, 2002, pp. 23–50), Kevin O'Rourke and Jeffrey Williamson dismiss claims by ‘World historians…[who] argue that globalisation is a phenomenon which stretches back several centuries, or even several millennia’ (p. 23). Rather, O'Rourke and Williamson insist that ‘[g]lobalisation did not begin 5,000 years ago, or even 500 years ago. It began in the early nineteenth century. In that sense, it is a very modern phenomenon’ (p. 47). O'Rourke and Williamson offer an explicit model of world trade that predicts specific outcomes; and they marshal empirical evidence to support their contention that there was no global economy until the early decades of the nineteenth century.

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  • Flynn, Dennis O. & Giráldez, Arturo, 2004. "Path dependence, time lags and the birth of globalisation: A critique of O'Rourke and Williamson," European Review of Economic History, Cambridge University Press, vol. 8(1), pages 81-108, April.
    • Handle: RePEc:cup:ereveh:v:8:y:2004:i:01:p:81-108_00
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    Cited by:

    1. O’Rourke, Kevin Hjortshøj, 2019. "Economic History and Contemporary Challenges to Globalization," The Journal of Economic History, Cambridge University Press, vol. 79(2), pages 356-382, June.
    2. Stephen Broadberry & Bishnupriya Gupta, 2006. "The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500–1800," Economic History Review, Economic History Society, vol. 59(1), pages 2-31, February.
    3. Frankema, Ewout, 2015. "The Biogeographic Roots of World Inequality: Animals, Disease, and Human Settlement Patterns in Africa and the Americas Before 1492," World Development, Elsevier, vol. 70(C), pages 274-285.
    4. Rafael, Dobado-González & Alfredo, García-Hiernaux & David, Guerrero-Burbano, 2013. "West versus East: Early Globalization and the Great Divergence," MPRA Paper 48773, University Library of Munich, Germany.
    5. Dobado-González, Rafael, 2013. "La globalización hispana del comercio y el arte en la Edad Moderna [The hispanic globalization of commerce and art in the early modern era]," MPRA Paper 51112, University Library of Munich, Germany.
    6. Manuel Llorca-Jaña, 2014. "The impact of early nineteenth-century globalization on foreign trade in the Southern Cone: A study of British trade statistics," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 10(01), pages 46-56.
    7. Keir Reeves & Lionel Frost & Charles Fahey, 2010. "Integrating The Historiography Of The Nineteenth‐Century Gold Rushes," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 50(2), pages 111-128, July.
    8. Jan De Vries, 2010. "The limits of globalization in the early modern world," Economic History Review, Economic History Society, vol. 63(3), pages 710-733, August.
    9. Kevin Hjortshøj O'Rourke, 2018. "Economic history and contemporary challenges to globalization," Oxford Economic and Social History Working Papers _167, University of Oxford, Department of Economics.
    10. Martina Cioni & Giovanni Federico & Michelangelo Vasta, 2021. "Spreading Clio: a quantitative analysis of the first 25 years of the European Review of Economic History [Plague in seventeenth-century Europe and the decline of Italy: an epidemiological hypothesi," European Review of Economic History, European Historical Economics Society, vol. 25(4), pages 618-644.
    11. Nogues-Marco, Pilar & Esteves, Rui, 2019. "Monetary Systems and the Global Balance-of-Payments Adjustment in the Pre-Gold Standard Period, 1700-1870," CEPR Discussion Papers 13652, C.E.P.R. Discussion Papers.
    12. Nuno Palma & André C. Silva, 2024. "Spending A Windfall," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(1), pages 283-313, February.
    13. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    14. Dennis O. Flynn & Arturo Giráldez, 2008. "Born Again: Globalization'S Sixteenth Century Origins (Asian/Global Verus European Dynamics)," Pacific Economic Review, Wiley Blackwell, vol. 13(3), pages 359-387, August.

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