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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.

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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:
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: 16 May 2024 12:01

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