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Globalization in History: A Geographical Perspective

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  • Nicholas Crafts
  • Anthony J. Venables

Abstract

This paper argues that a geographical perspectie is fundamental to understanding comparative economic development in the context of globalization. Central to this view is the role of agglomeration in productivity performance; size and location matter. The tools of the new economic geography are used to illuminate important epidsodes when the relative position of major eeconmies radically changed; the rise of the United States at the beginning and of East Asia at the end of the twentieth century. It is suggested that while lack of high quality institutions has been a major reason for falling behind geographic disadvantage also merits attention.

Suggested Citation

  • Nicholas Crafts & Anthony J. Venables, 2002. "Globalization in History: A Geographical Perspective," CEP Discussion Papers dp0524, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepdps:dp0524
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    More about this item

    Keywords

    Globalization; economic geography; economic history;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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