Trade and Poverty: When the Third World Fell Behind

1. Auflage 2011
ISBN: 978-0-262-01515-8
Verlag: MIT PR

Buch, Englisch, 304 Seiten, Format (B × H): 161 mm x 239 mm, Gewicht: 560 g

Reihe: Mit Press

Today's wide economic gap between the postindustrial countries of the West and the poorer countries of the third world is not new. Fifty years ago, the world economic order--two hundred years in the making--was already characterized by a vast difference in per capita income between rich and poor countries and by the fact that poor countries exported commodities (agricultural or mineral products) while rich countries exported manufactured products. In Trade and Poverty, leading economic historian Jeffrey G. Williamson traces the great divergence between the third world and the West to this nexus of trade, commodity specialization, and poverty.The world rapidly became global between the early nineteenth century and World War I, and the global trade boom occurred simultaneously with rising economic divergence between industrial and nonindustrial countries. Analyzing the role of specialization, deindustrialization, and commodity price volatility with econometrics and case studies of India, Ottoman Turkey, and Mexico, Williamson demonstrates why the close correlation between trade and poverty emerged. Globalization and the great divergence were causally related, and thus the rise of globalization over the past two centuries helps account for the income gap between rich and poor countries today.

Autoren/Hrsg.

Williamson, Jeffrey G.

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Wirtschaftliche Globalisierung
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Über Autor(innen)

Jeffrey G. Williamson is Laird Bell Professor of Economics Emeritus at Harvard and Honorary Fellow in the Department of Economics at the University of Wisconsin--Madison. He is the author of Globalization and the Poor Periphery before 1950 (MIT Press, 2006). [and the coauthor (with Kevin O'Rourke) of Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy (1999) and (with Timothy J. Hatton) of Global Migration and the World Economy: Two Centuries of Policy and Performance (2006), all published by the MIT Press.