Globalisation, history and development: a tale of two centuries
AbstractThis paper situates globalisation in historical perspective to analyse its implications for development. It sketches a picture of globalisation during the late nineteenth and twentieth centuries. A comparison of these two epochs reveals striking parallels, unexpected similarities and important differences. It shows that globalisation did not lead to rapid growth and economic convergence in the world, either then or now. Indeed, growth slowed down, and income levels diverged, while the gap between the industrialised and developing countries widened, in both epochs. The story of globalisation, it turns out, does not conform to the fairy tale about convergence and development. Copyright 2006, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Cambridge Journal of Economics.
Volume (Year): 30 (2006)
Issue (Month): 1 (January)
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- Sebastian Florian Enea & Silvia Palaºcã, 2012. "Globalization Versus Segregation - Business Cycles Synchronization In Europe," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 668-692, December.
- Marek Jemala, 2009. "Strategic Business Alliances: Qualitative Analysis of Specific Factors of Business Clusters," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2009(4), pages 19-33.
- Deepak Nayyar, 2010. "China, India, Brazil and South Africa in the World Economy: Engines of Growth?," Working Papers id:3039, eSocialSciences.
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