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How much trade liberalization was there in the world before and after Cobden-Chevalier?

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  • Lampe, Markus
  • Tena Junguito, Antonio
  • Tâmega, Felipe

Abstract

The Cobden-Chevalier Treaty of 1860 is regarded as central turning point in nineteenth-century trade policy, inaugurating a free trade era in Western Europe. We reexamine this story and put it into global perspective with a new database covering more than 7,500 data points for 11categories of manufactures in 41 countries and colonies around the world between 1846 and 1880. It reveals that bilateralism after 1860 reinforced a process already underway before. Nevertheless, we highlight is that trade liberalization was a global phenomenon over most of our period, so that the prominent British case appears as typical rather than exceptional.

Suggested Citation

  • Lampe, Markus & Tena Junguito, Antonio & Tâmega, Felipe, 2012. "How much trade liberalization was there in the world before and after Cobden-Chevalier?," IFCS - Working Papers in Economic History.WH wp12-02, Universidad Carlos III de Madrid. Instituto Figuerola.
  • Handle: RePEc:cte:whrepe:wp12-02
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    1. repec:bla:ehsrev:v:70:y:2017:i:4:p:1244-1267 is not listed on IDEAS
    2. Vincent Bignon & Cecilia Garcia-Peñalosa, 2016. "Protectionism and the Education-Fertility Trade-off in Late 19th Century France," AMSE Working Papers 1604, Aix-Marseille School of Economics, Marseille, France, revised Jan 2016.
    3. Giovanni Federico & Antonio Tena-Junguito, 2017. "A tale of two globalizations: gains from trade and openness 1800–2010," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(3), pages 601-626, August.
    4. Manuel Llorca-Jaña, 2014. "The impact of early nineteenth-century globalization on foreign trade in the Southern Cone: A study of British trade statistics," Investigaciones de Historia Económica (IHE) Journal of the Spanish Economic History Association, Asociacion Espa–ola de Historia Economica, vol. 10(01), pages 46-56.
    5. Restrepo-Estrada, Maria Isabel & Tena Junguito, Antonio, 2016. "The roots of regional trade in the Americas 1870 to 1950," IFCS - Working Papers in Economic History.WH 23304, Universidad Carlos III de Madrid. Instituto Figuerola.
    6. Feuerstein Switgard, 2013. "From the Zollverein to the Economics of Regionalism," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(3), pages 367-388, June.
    7. Federico, Giovanni & Tena Junguito, Antonio, 2013. "The ripples of the Industrial revolution: exports, economic growth and regional integration in Italy in the early 19th century," IFCS - Working Papers in Economic History.WH wp13-02, Universidad Carlos III de Madrid. Instituto Figuerola.
    8. Giovanni Federico & Antonio Tena-Junguito, 2017. "Lewis revisited: tropical polities competing on the world market, 1830–1938," Economic History Review, Economic History Society, vol. 70(4), pages 1244-1267, November.
    9. Richard Pomfret & Markus Lampe & Florian Ploeckl, 2014. "Spanning the Globe: The Rise of Global Communications Systems and the First Globalisation," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 54(3), pages 242-261, November.

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    Keywords

    Cobden-Chevalier;

    JEL classification:

    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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