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来源类型Working Paper
规范类型报告
DOI10.3386/w28224
来源IDWorking Paper 28224
World War I and the Restructuring of International Business
Ted Fertik; Naomi R. Lamoreaux
发表日期2020-12-21
出版年2020
语种英语
摘要This paper considers the effect of the First World War on large-scale businesses in Second-Industrial-Revolution industries like steel, electricity, and chemicals. For firms in the nations of the Entente, we argue, the war mainly interrupted long-term trends that resumed in the aftermath of the conflict. For Germany, however, the war and its subsequent territorial settlements had a disruptive impact on the economic geography of key industries. The global restructuring that resulted from the collapse of the Habsburg, Romanov, and Ottoman empires and Germany’s loss of its colonial possessions set up a new kind of international rivalry as German firms sought to regain their dominance by contracting with emerging nations in the European periphery and the Global South to build industrial capacity, forcing Britain and the now capital-rich United States to compete for this business or see their influence in these areas decline. The end result of this rivalry was the construction of massive steel works in Brazil and other industrializing countries around the world. These investments would provide the foundation for the import-substituting policies of the post-World War II era.
主题History ; Macroeconomic History ; Other History ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w28224
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/585898
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Ted Fertik,Naomi R. Lamoreaux. World War I and the Restructuring of International Business. 2020.
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