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The ‘Great Drain’ and Industrialisation: Commodity Flows from Periphery to Centre in Historical Perspective

In: Economic Growth and Resources

Author

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  • David S. Landes

    (Harvard University)

Abstract

The economic development of the industrial nations of Europe may be envisaged and analysed from many points of view. One of these, which will form the subject of this paper, is the commercial: European industrialisation as the outcome of a millennial Smithian process of division of labour between Europe as manufacturing Centre, workshop to the world, and the other countries as agrarian and mining Periphery, purveyor of raw materials in exchange for Europe’s manufactures.

Suggested Citation

  • David S. Landes, 1980. "The ‘Great Drain’ and Industrialisation: Commodity Flows from Periphery to Centre in Historical Perspective," International Economic Association Series, in: R. C. O. Matthews (ed.), Economic Growth and Resources, chapter 14, pages 294-327, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-04063-6_14
    DOI: 10.1007/978-1-349-04063-6_14
    as

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