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One is not enough! An economic history perspective on world trade collapses and deglobalization

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  • van Bergeijk, P.A.G.

Abstract

This paper provides a comparative economic history perspective on two significant periods of deglobalization: the Great Depression in the 1930s and the period following the Financial Crisis of 2008/9. The paper discusses differences and similarities and provides empirical results regarding the correlates of deglobalization, including the political system (institutions), level of development (GDP per capita) and the share of manufacturing.

Suggested Citation

  • van Bergeijk, P.A.G., 2017. "One is not enough! An economic history perspective on world trade collapses and deglobalization," ISS Working Papers - General Series 98695, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    • Handle: RePEc:ems:euriss:98695
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    Cited by:

    1. Anca Ioana Troto (Iacob), 2022. "Theoretical And Conceptual Study On The Evolution Of The Globalization Phenomenon," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 229-234, February.
    2. Jun Du & Oleksandr Shepotylo, 2022. "UK trade in the time of COVID‐19: A review," The World Economy, Wiley Blackwell, vol. 45(5), pages 1409-1446, May.
    3. Peter A.G. Bergeijk & Steven Brakman & Charles Marrewijk, 2017. "Heterogeneous economic resilience and the great recession's world trade collapse," Papers in Regional Science, Wiley Blackwell, vol. 96(1), pages 3-12, March.
    4. Anca Ioana Troto (Iacob), 2021. "Case Study on KOF Globalization Index for Greece, Czech Republic, Poland, Romania and Hungary," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 185-192, December.
    5. Rodríguez-Pose, Andrés, 2017. "The revenge of the places that don’t matter (and what to do about it)," CEPR Discussion Papers 12473, C.E.P.R. Discussion Papers.
    6. Andres Rodriguez-Pose, 2018. "The revenge of the places that don?t matter (and what to do about it)," Papers in Evolutionary Economic Geography (PEEG) 1805, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jan 2018.

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    Keywords

    deglobalization; world trade collapse; economic history; value chains; politics and trade; 1930s; world trade slowdown;
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