Trade and the Pattern of European Imperialism, 1492-2000
I construct a trade model of empire, and use it to interpret some of the key patterns in the history of European imperialism.� I begin from the observation that trade was a key source of wealth for the colonies, and trade restrictions a key tool of extraction for colonial powers.� But the value of this tool must be seen in relation to the value of colonial trade, and to the extent of international competition for it.� The model interprets the colonial empires that emerged in the 16th-18th century as a set of political institutions designed to appropriate the value of colonial trade to the mother country, at a time in which colonial trade was both valuable and highly competed for.� It explains the fluctuations in the fortunes of empire in the 19th and early 20th century with the rise of a clear industrial leader, Britain, and her subsequent decline.� Finally, it attributes the fall of colonial empires to a secular fall in the importance of colonial trade, relative to trade between the industrial countries.� I provide detailed historical evidence in support of these predictions.� The model also has predictions for the impact of empire-building on trade relations between the imperial powers.� These are consistent with the apparent inverse relation between European imperial expansion and globalization.
|Date of creation:||09 Aug 2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.economics.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Gallagher & Ronald Robinson, 1953. "The Imperialism Of Free Trade," Economic History Review, Economic History Society, vol. 6(1), pages 1-15, 08.
- Bagwell,K. & Staiger,R.W., 1998.
"An economic theory of GATT,"
15, Wisconsin Madison - Social Systems.
- Krugman, Paul R, 1981. "Intraindustry Specialization and the Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 959-73, October.
- Robert C. Allen, 2003. "Progress and poverty in early modern Europe," Economic History Review, Economic History Society, vol. 56(3), pages 403-443, 08.
- Carlos, Ann M., 2003. "The Rise of Commercial Empires: England and the Netherlands in the Age of Mercantilism, 1650 1770. By David Ormond. Cambridge: Cambridge University Press, 2003. Pp. ix, 388. $75.00," The Journal of Economic History, Cambridge University Press, vol. 63(04), pages 1154-1155, December.
- Guillaume Daudin & Kevin H. O’Rourke & Leandro Prados de la Escosura, 2008.
"Trade and Empire, 1700-1870,"
Documents de Travail de l'OFCE
2008-24, Observatoire Francais des Conjonctures Economiques (OFCE).
- Kevin H. O’Rourke & Leandro Prados de la Escosura & Guillaume Daudin, 2008. "Trade and Empire, 1700-1870," Trinity Economics Papers tep0208, Trinity College Dublin, Department of Economics, revised May 2008.
- Guillaume Daudin & Kevin H O'Rourke2 & Leandro Prados De La Escosura, 2008. "Trade and Empire, 1700-1870," Sciences Po publications 2008-24, Sciences Po.
- Kevin H. O'Rourke & Leandro Prados de la Escosura & Guillaume Daudin, 2008. "Trade and Empire, 1700-1870," Working Papers in Economic History wp08-09, Universidad Carlos III, Instituto Figuerola de Historia y Ciencias Sociales.
- Kevin H. O'Rourke, Leandro Prados de la Escosura and Guilllaume Daudin, 2008. "Trade and Empire, 1700-1870," The Institute for International Integration Studies Discussion Paper Series iiisdp249, IIIS.
- Jeffrey G. Williamson, 2008.
"Globalization and the Great Divergence: Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913,"
NBER Working Papers
13841, National Bureau of Economic Research, Inc.
- Jeffrey G. Williamson, 2008. "Globalization and the Great Divergence: Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913," Working Papers 08-07, Association Française de Cliométrie (AFC).
- Emanuel Ornelas, 2005. "Rent Destruction and the Political Viability of Free Trade Agreements," The Quarterly Journal of Economics, MIT Press, vol. 120(4), pages 1475-1506, November.
- Garfinkel , Michelle & Skaperdas, Stergios & Syropoulos, Constantinos, 2012. "Trade and Insecure Resources: Implications for Welfare and Comparative Advantage," School of Economics Working Paper Series 2012-8, LeBow College of Business, Drexel University.
When requesting a correction, please mention this item's handle: RePEc:oxf:wpaper:618. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Birds)
If references are entirely missing, you can add them using this form.