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Globalization, factor prices, and poverty in colonial rural India

Roy, Tirthankar (2007) Globalization, factor prices, and poverty in colonial rural India. Australian Economic History Review, 47 (1). pp. 73-94. ISSN 0004-8992

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Identification Number: 10.1111/j.1467-8446.2006.00197.x


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.

Item Type: Article
Official URL:
Additional Information: © 2007 The Author
Subjects: D History General and Old World > DS Asia
H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Collections > Economists Online
Date Deposited: 22 Jul 2008 14:18
Last Modified: 26 Oct 2012 14:15

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