Globalization, factor prices, and poverty in colonial rural India.
Australian economic history review, 47
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Analytical accounts of South Asian economic history often suggest that the principal effects of nineteenth century globalisation on the region were deindustrialisation and agrarian expansion, and that deindustrialisation contributed to an increase in poverty despite agricultural growth. Available wage datasets show that artisans did relatively well and rural workers relatively worse in the period in question, suggesting that poverty did increase but deindustrialisation was an unlikely cause. I discuss the wage statistics to show this, and propose that, in order to complete the globalisation story, we need to consider three local factors: limits to deindustrialisation, limits to labour mobility, and limits to agrarian expansion.
||© 2007 The Author
||deindustrialisation, economic growth, factor market, South Asia
|Library of Congress subject classification:
||D History General and Old World > DS Asia
H Social Sciences > HC Economic History and Conditions
|Journal of Economic Literature Classification System:
||N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N15 - Asia including Middle East
N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Income, and Wealth > N35 - Economic History: Labor and Consumers, Demography, Education, Health, Income and Wealth: Asia including Middle East
N - Economic History > N5 - Agriculture, Natural Resources, Environment, and Extractive Industries > N55 - Asia including Middle East
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
||Departments > Economic History
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