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How Much Trade Liberalization Was There in the World Before and After Cobden-Chevalier?

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  • TENA-JUNGUITO, ANTONIO
  • LAMPE, MARKUS
  • FERNANDES, FELIPE TÂMEGA

Abstract

The Cobden-Chevalier Treaty of 1860 is regarded as central turning point in nineteenth-century trade policy, inaugurating a free trade era in Western Europe. We reexamine this story and put it into global perspective with a new database covering more than 7,500 data points for 11categories of manufactures in 41 countries and colonies around the world between 1846 and 1880. It reveals that bilateralism after 1860 reinforced a process already underway before. Nevertheless, we highlight is that trade liberalization was a global phenomenon over most of our period, so that the prominent British case appears as typical rather than exceptional.

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Bibliographic Info

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

Volume (Year): 72 (2012)
Issue (Month): 03 (September)
Pages: 708-740

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Handle: RePEc:cup:jechis:v:72:y:2012:i:03:p:708-740_00

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Cited by:
  1. Switgard Feuerstein, 2013. "From the Zollverein to the Economics of Regionalism," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 233(3), pages 367-388, May.
  2. Manuel Llorca-Jaña, 2012. "The impact of "early" nineteenth-century globalization on foreign trade in the Southern Cone: A study of British trade statistics," Economics Working Papers 1323, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2012.
  3. Giovanni Federico & Antonio Tena Junguito, 2013. "The ripples of the Industrial revolution: exports, economic growth and regional integration in Italy in the early 19th century," Working Papers in Economic History wp13-02, Universidad Carlos III, Departamento de Historia Económica e Instituciones.

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