Asian globalisations: market integration, trade and economic growth, 1800-1938

Chilosi, David ORCID: 0000-0002-2251-0381 and Federico, Giovanni (2013) Asian globalisations: market integration, trade and economic growth, 1800-1938. Economic History Working Papers (183/13). London School of Economics and Political Science, London, UK.

Preview

PDF - Published Version Download (862kB) | Preview

• Publisher

Abstract

This paper contributes to the debate on globalization and the great divergence with a comprehensive analysis of trends, causes and effects of the integration of Asia in the world market from 1800 to the eve of World War Two, based on a newly compiled data-set. The analysis finds that: most price convergence occurred before 1870, with only little disintegration in the inter-war years; market integration was determined to a large extent by the fall of Western trading monopolies; it implied significant static welfare gains and emerges as a major cause of substantial improvements in the terms of trade.

Item Type:	Monograph (Working Paper)
Official URL:	http://www.lse.ac.uk/collections/economicHistory/
Additional Information:	© 2013 The Authors
Divisions:	Economic History
Subjects:	D History General and Old World > D History (General) > D204 Modern History D History General and Old World > DS Asia H Social Sciences > HC Economic History and Conditions
JEL classification:	F - International Economics > F1 - Trade N - Economic History > N7 - Transport, International and Domestic Trade, Energy, Technology, and Other Services O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
Date Deposited:	22 Nov 2013 16:40
Last Modified:	13 Sep 2024 20:25
URI:	http://eprints.lse.ac.uk/id/eprint/54574

Actions (login required)

View Item