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Historical precedents of global markets

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  • Fremdling, Rainer

    (Groningen University)

Abstract

During the 19th century, European countries not only industrialised heavily but they also traded with each other and with overseas areas in an until hitherto unkown degree. By 1913, a globalised economy has emerged, which -after the draw-back of the two world wars and the disentagration of the world economy occurring between these wars- did not reappear before the 1960s or even the 1970s. The paper presents the hitorical precedents to global markets.
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Suggested Citation

  • Fremdling, Rainer, 1999. "Historical precedents of global markets," GGDC Research Memorandum 199943, Groningen Growth and Development Centre, University of Groningen.
    • Handle: RePEc:gro:rugggd:199943
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    File URL: http://irs.ub.rug.nl/ppn/242560326
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    References listed on IDEAS

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    1. O'Rourke, Kevin & Williamson, Jeffrey G., 1994. "Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right?," The Journal of Economic History, Cambridge University Press, vol. 54(4), pages 892-916, December.
    2. Kindleberger, C. P., 1975. "The Rise of Free Trade in Western Europe, 1820–1875," The Journal of Economic History, Cambridge University Press, vol. 35(1), pages 20-55, March.
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    4. McCloskey, Donald N., 1980. "Magnanimous albion: Free trade and British national income, 1841-1881," Explorations in Economic History, Elsevier, vol. 17(3), pages 303-320, July.
    5. Wray Vamplew, 1980. "The Protection of English Cereal Producers: The Corn Laws Reassessed," Economic History Review, Economic History Society, vol. 33(3), pages 382-395, August.
    6. D. C. Moore, 1965. "The Corn Laws and High Farming," Economic History Review, Economic History Society, vol. 18(3), pages 544-561, December.
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    1. repec:dgr:rugggd:200368 is not listed on IDEAS
    2. Timmer, Marcel P. & Ypma, Gerard & Ark, Bart van der, 2003. "IT in the European Union: driving productivity divergence?," GGDC Research Memorandum 200363, Groningen Growth and Development Centre, University of Groningen.
    3. Robert Inklaar & Mary O'Mahony & Marcel Timmer, 2005. "ICT AND EUROPE's PRODUCTIVITY PERFORMANCE: INDUSTRY‐LEVEL GROWTH ACCOUNT COMPARISONS WITH THE UNITED STATES," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(4), pages 505-536, December.
    4. Jacks, David S., 2006. "What drove 19th century commodity market integration?," Explorations in Economic History, Elsevier, vol. 43(3), pages 383-412, July.
    5. repec:dgr:rugggd:200363 is not listed on IDEAS

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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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