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When Britain turned inward: Protection and the shift towards Empire in interwar Britain

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  • de Bromhead, Alan
  • Fernihough, Alan
  • Lampe, Markus
  • O'Rourke, Kevin Hjortsh�j

Abstract

International trade became much less multilateral during the 1930s. Previous studies, looking at aggregate trade flows, have argued that discriminatory trade policies had comparatively little to do with this. Using highly disaggregated information on the UK's imports and trade policies, we find that policy can explain the majority of Britain's shift towards Imperial imports in the 1930s. Trade policy mattered, a lot.

Suggested Citation

  • de Bromhead, Alan & Fernihough, Alan & Lampe, Markus & O'Rourke, Kevin Hjortsh�j, 2017. "When Britain turned inward: Protection and the shift towards Empire in interwar Britain," CEPR Discussion Papers 11835, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:11835
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    References listed on IDEAS

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    1. Eichengreen, Barry & Irwin, Douglas A., 2010. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," The Journal of Economic History, Cambridge University Press, vol. 70(04), pages 871-897, December.
    2. James E. Anderson & J. Peter Neary, 1996. "A New Approach to Evaluating Trade Policy," Review of Economic Studies, Oxford University Press, vol. 63(1), pages 107-125.
    3. Eichengreen, Barry & Irwin, Douglas A., 1995. "Trade blocs, currency blocs and the reorientation of world trade in the 1930s," Journal of International Economics, Elsevier, vol. 38(1-2), pages 1-24, February.
    4. Christian Broda & David E. Weinstein, 2006. "Globalization and the Gains From Variety," The Quarterly Journal of Economics, Oxford University Press, vol. 121(2), pages 541-585.
    5. Bown, Chad P. & Crowley, Meredith A, 2016. "The Empirical Landscape of Trade Policy," CEPR Discussion Papers 11216, C.E.P.R. Discussion Papers.
    6. James E. Anderson & Yoto V. Yotov, 2010. "The Changing Incidence of Geography," American Economic Review, American Economic Association, vol. 100(5), pages 2157-2186, December.
    7. Barbezat, Daniel, 1989. "Cooperation and Rivalry in the International Steel Cartel, 1926–1933," The Journal of Economic History, Cambridge University Press, vol. 49(02), pages 435-447, June.
    8. Dye, Alan & Sicotte, Richard, 2006. "How brinkmanship saved Chadbourne: Credibility and the International Sugar Agreement of 1931," Explorations in Economic History, Elsevier, vol. 43(2), pages 223-256, April.
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    Cited by:

    1. Lennard, Jason, 2018. "Uncertainty and the Great Slump," Lund Papers in Economic History 170, Lund University, Department of Economic History.
    2. Kevin Hjortshøj O'Rourke, 2017. "Two Great Trade Collapses: The Intewar Period & Great Recession Compared," Oxford University Economic and Social History Series _159, Economics Group, Nuffield College, University of Oxford.
    3. repec:usg:auswrt:2017:68:01:139-167 is not listed on IDEAS
    4. Kevin Hjortshøj O'Rourke, 2017. "Two Great Trade Collapses: The Interwar Period & Great Recession Compared," Oxford University Economic and Social History Series _159, University of Oxford, Department of Economics.

    More about this item

    Keywords

    interwar period; trade policy;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-

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