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Globalization and the Near East: A Study of Cotton Market Integration in Egypt and Western Anatolia

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  • Panza, Laura

Abstract

The Near East underwent a process of integration with the global economy during the second half of the nineteenth century. This article explores one aspect of this process, examining the linkages established between the cotton industries in Egypt and Western Anatolia, and the international cotton market during the first wave of globalization. We undertake a quantitative exploration of the pattern of price transmission between the Near East and the international cotton markets over this period, connecting changes in the nature of spatial market integration to major economic and political developments.

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  • Panza, Laura, 2013. "Globalization and the Near East: A Study of Cotton Market Integration in Egypt and Western Anatolia," The Journal of Economic History, Cambridge University Press, vol. 73(3), pages 847-872, September.
    • Handle: RePEc:cup:jechis:v:73:y:2013:i:03:p:847-872_00
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    Cited by:

    1. Li, Zhuo & Panza, Laura & Song, Yong, 2019. "The evolution of ottoman–European market linkages, 1469–1914: Evidence from dynamic factor models," Explorations in Economic History, Elsevier, vol. 71(C), pages 112-134.
    2. John E. Murray & Javier Silvestre, 2020. "Integration in European coal markets, 1833–1913," Economic History Review, Economic History Society, vol. 73(3), pages 668-702, August.
    3. Laura Panza, 2024. "From a common empire to colonial rule: Commodity market disintegration in the Near East," Economic History Review, Economic History Society, vol. 77(2), pages 584-611, May.
    4. Laura Panza & Jeffrey G. Williamson, 2015. "Did Muhammad Ali foster industrialization in early nineteenth-century Egypt?," Economic History Review, Economic History Society, vol. 68(1), pages 79-100, February.
    5. Laura Panza & Ulaş Karakoç, 2021. "Overcoming the Egyptian cotton crisis in the interwar period: the role of irrigation, drainage, new seeds, and access to credit," Economic History Review, Economic History Society, vol. 74(1), pages 60-86, February.
    6. Laura Panza, 2014. "De-industrialization and re-industrialization in the Middle East: reflections on the cotton industry in Egypt and in the Izmir region," Economic History Review, Economic History Society, vol. 67(1), pages 146-169, February.
    7. Williamson, Jeffrey G. & Panza, Laura, 2013. "Did Muhammad Ali Foster Industrialization in Early 19th Century Egypt?," CEPR Discussion Papers 9363, C.E.P.R. Discussion Papers.

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