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Land, Labor, And Globalization In The Third World, 1870 1940

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  • Williamson, Jeffrey G.

Abstract

This article documents pre-1940 wage rental ratios, land labor ratios, the terms of trade, and other variables for nine countries in the periphery, and joins them to data previously collected for the greater Atlantic economy. Commodity-price convergence is found to have been stronger in the preindustrial Third World than in the industrializing Atlantic economy. A previously unnoticed Third World convergence in wage rental ratios is also documented. It appears that relative factor-price convergence took place, even though average living standards diverged dramatically between center and periphery.

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Bibliographic Info

Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 62 (2002)
Issue (Month): 01 (March)
Pages: 55-85

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Handle: RePEc:cup:jechis:v:62:y:2002:i:01:p:55-85_04

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Cited by:
  1. Sambit Bhattacharyya & Jeffrey G. Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," CEPR Discussion Papers 605, Centre for Economic Policy Research, Research School of Economics, Australian National University.
  2. Hatton, Timothy J., 2010. "The Cliometrics of International Migration: A Survey," CEPR Discussion Papers 7803, C.E.P.R. Discussion Papers.
  3. Jeffrey G. Williamson, 2009. "History without Evidence: Latin American Inequality since 1491," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 3, Courant Research Centre PEG.
  4. Antonio Tena Junguito & Henry Willebald, 2013. "On the accuracy of export growth in Argentina, 1870-1913," Working Papers in Economic History wp13-03, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  5. Williamson, Jeffrey G., 2009. "History without evidence: Latin American inequality since 1491," Center for European, Governance and Economic Development Research Discussion Papers 81, University of Goettingen, Department of Economics.
  6. Jeffrey G. Williamson, 2010. "Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence," NBER Working Papers 15680, National Bureau of Economic Research, Inc.
  7. Gianfranco Di Vaio & Jacob Weisdorf, 2009. "Ranking Economic History Journals: A Citation-Based Impact-Adjusted Analysis," Discussion Papers 09-11, University of Copenhagen. Department of Economics.
  8. Bohlin, Jan & Larsson, Svante, 2006. "Protectionism, agricultural prices and relative factor incomes: Sweden’s wage-rental ratio, 1877-1926," Göteborg Papers in Economic History 7, University of Gothenburg, Department of Economic History.
  9. Jeffrey G. Williamson, 2009. "Five Centuries of Latin American Inequality," NBER Working Papers 15305, National Bureau of Economic Research, Inc.

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