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来源类型Working Paper
规范类型报告
DOI10.3386/w8579
来源IDWorking Paper 8579
Commodity Market Integration, 1500-2000
Ronald Findlay; Kevin H. O'; Rourke
发表日期2001-11-01
出版年2001
语种英语
摘要This paper provides a summary of what is known about trends in international commodity market integration during the second half of the second millennium. The range of goods which have been traded between continents since the Voyages of Discovery has steadily increased over time, and there has been substantial commodity market integration over the period, driven by technology in the 19th century and politics in the late 20th century. However, this trend towards greater market integration was not monotonic; it was periodically interrupted by shocks such as wars and world depressions, or by endogenous political responses to the distributional effects of globalization itself. In some periods politics has reinforced the effects of technology, while in other periods it has offset them. In several cases, severe shocks have had long-run effects on the international integration of commodity markets, as a result of politically induced hysteresis. Finally, we know remarkably little about international commodity market integration during the 20th century.
主题International Economics ; Trade ; History ; Other History
URLhttps://www.nber.org/papers/w8579
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566185
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Ronald Findlay,Kevin H. O',Rourke. Commodity Market Integration, 1500-2000. 2001.
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