IDEAS home Printed from https://ideas.repec.org/p/gro/rugggd/199943.html

Historical precedents of global markets

Author

Listed:
  • Fremdling, Rainer

    (Groningen University)

Abstract

During the 19th century, European countries not only industrialised heavily but they also traded with each other and with overseas areas in an until hitherto unkown degree. By 1913, a globalised economy has emerged, which -after the draw-back of the two world wars and the disentagration of the world economy occurring between these wars- did not reappear before the 1960s or even the 1970s. The paper presents the hitorical precedents to global markets.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Fremdling, Rainer, 1999. "Historical precedents of global markets," GGDC Research Memorandum 199943, Groningen Growth and Development Centre, University of Groningen.
    • Handle: RePEc:gro:rugggd:199943
    as

    Download full text from publisher

    File URL: http://irs.ub.rug.nl/ppn/242560326
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. O'Rourke, Kevin & Williamson, Jeffrey G., 1994. "Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right?," The Journal of Economic History, Cambridge University Press, vol. 54(4), pages 892-916, December.
    2. repec:cup:jechis:v:35:y:1975:i:01:p:20-55_09 is not listed on IDEAS
    3. Susan Fairlie, 1969. "The Corn Laws and British Wheat Production, 1829-76," Economic History Review, Economic History Society, vol. 22(1), pages 88-110, April.
    4. McCloskey, Donald N., 1980. "Magnanimous albion: Free trade and British national income, 1841-1881," Explorations in Economic History, Elsevier, vol. 17(3), pages 303-320, July.
    5. D. C. Moore, 1965. "The Corn Laws and High Farming," Economic History Review, Economic History Society, vol. 18(3), pages 544-561, December.
    6. Wray Vamplew, 1980. "The Protection of English Cereal Producers: The Corn Laws Reassessed," Economic History Review, Economic History Society, vol. 33(3), pages 382-395, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:dgr:rugggd:200368 is not listed on IDEAS
    2. Timmer, Marcel P. & Ypma, Gerard & Ark, Bart van der, 2003. "IT in the European Union: driving productivity divergence?," GGDC Research Memorandum 200363, Groningen Growth and Development Centre, University of Groningen.
    3. Jacks, David S., 2006. "What drove 19th century commodity market integration?," Explorations in Economic History, Elsevier, vol. 43(3), pages 383-412, July.
    4. repec:dgr:rugggd:200363 is not listed on IDEAS
    5. Robert Inklaar & Mary O'Mahony & Marcel Timmer, 2005. "ICT AND EUROPE's PRODUCTIVITY PERFORMANCE: INDUSTRY‐LEVEL GROWTH ACCOUNT COMPARISONS WITH THE UNITED STATES," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(4), pages 505-536, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:dgr:rugggd:199943 is not listed on IDEAS
    2. Douglas A. Irwin & Maksym G. Chepeliev, 2020. "The Economic Consequences of Sir Robert Peel: A Quantitative Assessment of the Repeal of the Corn Laws," NBER Working Papers 28142, National Bureau of Economic Research, Inc.
    3. H. O'Rourke, Kevin, 2000. "British trade policy in the 19th century: a review article1," European Journal of Political Economy, Elsevier, vol. 16(4), pages 829-842, November.
    4. Ogilvie, Sheilagh & Carus, A.W., 2014. "Institutions and Economic Growth in Historical Perspective," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 403-513, Elsevier.
    5. Mario J. Crucini & Gregor W. Smith, 2016. "Distance and Time Effects in Swedish Commodity Prices, 1732–1914," NBER Working Papers 22175, National Bureau of Economic Research, Inc.
    6. Stefan Nikolić, 2025. "Spatial inequality in prices and wages within a late‐developing economy: Serbia, 1863–1910," Economic History Review, Economic History Society, vol. 78(1), pages 207-234, February.
    7. Baffigi, Alberto & Bontempi, Maria Elena & Felice, Emanuele & Golinelli, Roberto, 2015. "The changing relationship between inflation and the economic cycle in Italy: 1861–2012," Explorations in Economic History, Elsevier, vol. 56(C), pages 53-70.
    8. Marks, Daan, 2010. "Unity or diversity? On the integration and efficiency of rice markets in Indonesia, c. 1920-2006," Explorations in Economic History, Elsevier, vol. 47(3), pages 310-324, July.
    9. Sukkoo Kim, 1997. "Economic Integration and Convergence: U.S. Regions, 1840-1987," NBER Working Papers 6335, National Bureau of Economic Research, Inc.
    10. Francesc Ortega & Giovanni Peri, 2012. "The Effect of Trade and Migration on Income," NBER Working Papers 18193, National Bureau of Economic Research, Inc.
    11. Matthias Doepke & Fabrizio Zilibotti, 2008. "Occupational Choice and the Spirit of Capitalism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(2), pages 747-793.
    12. Taylor, Alan M., 1999. "Sources of convergence in the late nineteenth century," European Economic Review, Elsevier, vol. 43(9), pages 1621-1645, October.
    13. Andersson , Fredrik N. G. & Ljungberg, Jonas, 2014. "Grain Market Integration in the Baltic Sea Region in the 19th Century," Working Papers 2014:3, Lund University, Department of Economics.
    14. Donald R. Davis & David E. Weinstein, 2001. "An Account of Global Factor Trade," American Economic Review, American Economic Association, vol. 91(5), pages 1423-1453, December.
    15. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    16. Stuermer, Martin, 2017. "Industrialization and the demand for mineral commodities," Journal of International Money and Finance, Elsevier, vol. 76(C), pages 16-27.
    17. Kei-Mu Yi, 2003. "Can Vertical Specialization Explain the Growth of World Trade?," Journal of Political Economy, University of Chicago Press, vol. 111(1), pages 52-102, February.
    18. Kris James Mitchener & Se Yan, 2010. "Globalization, Trade & Wages: What Does History tell us about China?," NBER Working Papers 15679, National Bureau of Economic Research, Inc.
    19. Kris James Mitchener & Gonçalo Pina, 2016. "Pegxit Pressure: Evidence from the Classical Gold Standard," NBER Working Papers 22844, National Bureau of Economic Research, Inc.
    20. Wolfgang Keller & Javier Andres Santiago & Carol H. Shiue, 2016. "Foreigners Knocking on the Door: Trade in China During the Treaty Port Era," NBER Working Papers 21886, National Bureau of Economic Research, Inc.
    21. Reto Bertoni & Henry Willebald, 2015. "Do energy natural endowments matter? New Zealand and Uruguay in a comparative approach (1870-1940)," Documentos de trabajo 35, Programa de Historia Económica, FCS, Udelar.

    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gro:rugggd:199943. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hanneke Tamling (email available below). General contact details of provider: https://edirc.repec.org/data/ferugnl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.