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The making of a World Trade Network of capital goods after the SecondWorld War. Reversal of fortune?

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  • Cubel Montesinos, Antonio
  • Solaz, Marta
  • Sanchís Llopis, M. Teresa

Abstract

This paper studies the pattern of world trade in capital goods during the two key decades following World War II (1954-1973) by applying the Network Analysis methodology to study world trade as proposed by De Benedictis and Tajoli (2011). Departing from the technological superiority of US and Germany in machinery and transport equipment industries, their role asthe world main exporters is unquestionable. However, their relative presence in the world market, and more specifically in the European market, changed along the Golden Age period. While exports from the US dominated the European markets in the aftermath of the Second World War, the way the reconstruction was addressed and the new order favorable to tradeliberalization consolidated a network less dependent on the quasi-aboslute dominace of the United States prevailing after the war.

Suggested Citation

  • Cubel Montesinos, Antonio & Solaz, Marta & Sanchís Llopis, M. Teresa, 2025. "The making of a World Trade Network of capital goods after the SecondWorld War. Reversal of fortune?," IFCS - Working Papers in Economic History.WH 48102, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:48102
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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

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