| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP11128
|
| DP11128 A tale of two globalizations: gains from trade and openness 1800-2010 |
| [unavailable]
|
| 发表日期 | 2016-02-21
|
| 出版年 | 2016
|
| 语种 | 英语
|
| 摘要 | This paper compares the wave of globalization before the outbreak of the Great Recession in 2007 with its alleged historical antecedent before the outbreak of World War One. We describe trends in trade and openness, estimate the gains from trade and investigate the proximate causes of the growth of openness. We argue that the conventional wisdom has to be revised. The first wave of globalization started around 1820 and culminated around 1870. In the next century, trade continued to grow, with the exception of the Great Depression, but openness and gains fluctuated widely. Growth resumed in the early 1970s. By 2007, the world was more open than a century earlier and its inhabitants gained from trade substantially more than their ancestors did. The current wave of globalization, in spite of some similarities with previous trends, has no historical antecedents. |
| 主题 | Economic History
|
| 关键词 | Trade
Openness
Welfare gains
|
| URL | https://cepr.org/publications/dp11128
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539945
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推荐引用方式
GB/T 7714 |
[unavailable]. DP11128 A tale of two globalizations: gains from trade and openness 1800-2010. 2016.
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