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The impact of "early" nineteenth-century globalization on foreign trade in the Southern Cone: A study of British trade statistics

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  • Manuel Llorca-Jaña

Abstract

This paper deals with the impact of "early" nineteenth-century globalization (c.1815-1860) on foreign trade in the Southern Cone (SC). Most of the evidence is drawn from bilateral trades between Britain and the SC, at a time when Britain was the main commercial partner of the new republics. The main conclusion drawn is that early globalization had a positive impact on foreign trade in the SC, and this was due to: improvements in the SC's terms of trade during this period; the SC's per capita consumption of textiles (the main manufacture traded on world markets at that time) increased substantially during this period, at a time when clothing was one of the main items of SC household budgets; British merchants brought with them capital, shipping, insurance, and also facilitated the formation of vast global networks, which further promoted the SC's exports to a wider range of outlets.

Suggested Citation

  • Manuel Llorca-Jaña, 2012. "The impact of "early" nineteenth-century globalization on foreign trade in the Southern Cone: A study of British trade statistics," Economics Working Papers 1323, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2012.
    • Handle: RePEc:upf:upfgen:1323
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    More about this item

    Keywords

    Lost decades; Anglo-Latin American trade; Early globalization.;
    All these keywords.

    JEL classification:

    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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