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Growth from Globalization? A View from the Very Long Run

In: Handbook of Economic Growth

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  • Meissner, Christopher M.

Abstract

What is the connection between different forms of globalization, economic growth, and welfare? International trade, cross-border capital flows, and labor movements are three areas in which economic historians have focused their research. I critically summarize various measures of international integration in each of these spheres. I then move on to discuss and evaluate the ongoing and active debate about whether globalization is significantly associated with growth in the past. I pay particular attention to the role of globalization in the Great Divergence, the tariff-trade-growth debate, and the globalization of capital markets in the 19th century.

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  • Philippe Aghion & Steven Durlauf (ed.), 2013. "Handbook of Economic Growth," Handbook of Economic Growth, Elsevier, Elsevier, edition 1, volume 2, number 2.
    This item is provided by Elsevier in its series Handbook of Economic Growth with number 2-1033.

    Handle: RePEc:eee:grochp:2-1033

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    Keywords: Great divergence; De-industrialization; Capital flows; First wave of globalization; Integration;

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