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Globalisation, history and development: a tale of two centuries

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  • Deepak Nayyar

Abstract

This paper situates globalisation in historical perspective to analyse its implications for development. It sketches a picture of globalisation during the late nineteenth and twentieth centuries. A comparison of these two epochs reveals striking parallels, unexpected similarities and important differences. It shows that globalisation did not lead to rapid growth and economic convergence in the world, either then or now. Indeed, growth slowed down, and income levels diverged, while the gap between the industrialised and developing countries widened, in both epochs. The story of globalisation, it turns out, does not conform to the fairy tale about convergence and development. Copyright 2006, Oxford University Press.

Suggested Citation

  • Deepak Nayyar, 2006. "Globalisation, history and development: a tale of two centuries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(1), pages 137-159, January.
    • Handle: RePEc:oup:cambje:v:30:y:2006:i:1:p:137-159
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    File URL: http://hdl.handle.net/10.1093/cje/bei090
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    Cited by:

    1. Miroslav N. Jovanovic, 2011. "Globalisation: An Anatomy," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume I, chapter 11, Edward Elgar Publishing.
    2. Lisha Mengge, 2024. "Foreign trade and economic performance in China, 1860–1911," French Stata Users' Group Meetings 2024 14, Stata Users Group.
    3. Amit Bhaduri, 2014. "What remains of the theory of demand management in a globalising world?," The Economic and Labour Relations Review, , vol. 25(3), pages 389-396, September.
    4. Marek Jemala, 2009. "Strategic Business Alliances: Qualitative Analysis of Specific Factors of Business Clusters [Strategické podnikateľské aliancie: kvalitatívna analýza špecifických faktorov podnikania v klastroch]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2009(4), pages 19-33.
    5. repec:jes:wpaper:y:2012:v:4:p:668-692 is not listed on IDEAS
    6. Kalim SIDDIQUI, 2016. "The Political Economy of Free Trade, WTO and the Developing Countries," Turkish Economic Review, KSP Journals, vol. 3(1), pages 103-121, March.
    7. Deepak Nayyar, 2008. "China, India, Brazil and South Africa in the World Economy: Engines of Growth?," WIDER Working Paper Series DP2008-05, World Institute for Development Economic Research (UNU-WIDER).
    8. Yochanan Shachmurove & Uriel Spiegel, 2013. "Are All Technological Improvements Beneficial? Absolutely Not," PIER Working Paper Archive 13-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    9. Deepak Nayyar, 2006. "Development through Globalization?," WIDER Working Paper Series RP2006-29, World Institute for Development Economic Research (UNU-WIDER).
    10. K. J. Joseph & Liyan Zhang & Kiran Kumar Kakarlapudi, 2018. "The Dragon Turns around and the Elephant Moves Forward: Inequality in China and India under Globalization," Millennial Asia, , vol. 9(3), pages 235-261, December.
    11. Shachmurove, Yochanan & Spiegel, Uriel, 2013. "Sustainable effects of technological progress and trade liberalization," Economic Modelling, Elsevier, vol. 33(C), pages 956-964.
    12. Nederveen Pieterse Jan, 2012. "Periodizing Globalization: Histories of Globalization," New Global Studies, De Gruyter, vol. 6(2), pages 1-27, July.
    13. Deepak Nayyar, 2010. "China, India, Brazil and South Africa in the World Economy: Engines of Growth?," Working Papers id:3039, eSocialSciences.
    14. Elias G. Carayannis & Dirk Meissner & Anastasia Edelkina, 2017. "Targeted innovation policy and practice intelligence (TIP2E): concepts and implications for theory, policy and practice," The Journal of Technology Transfer, Springer, vol. 42(3), pages 460-484, June.
    15. Kalim SIDDIQUI, 2017. "Globalisation, trade liberalisation and economic development in the developing countries: An overview," Journal of Economics Library, KSP Journals, vol. 4(4), pages 514-529, December.
    16. Sebastian Florian Enea & Silvia Palaºcã, 2012. "Globalization Versus Segregation - Business Cycles Synchronization In Europe," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(4), pages 668-692, December.

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