Title: Globalization and the poor periphery before 1950 /
Authors: Williamson, Jeffrey G., 1935-
Publisher: MIT Press,
Year: 2006
Subjects: Industrialization History; Globalization History; Economic history; Developing countries Economic conditions
Abstract: "In Globalization and the Poor Periphery before 1950 Jeffrey Williamson examines globalization through the lens of both the economist and the historian, analyzing its economic impact on industrially lagging poor countries in the nineteenth and early twentieth centuries. Williamson argues that industrialization in the core countries of northwest Europe and their overseas settlements, combined with a worldwide revolution in transportation, created an antiglobal backlash in the periphery, the poorer countries of eastern and southern Europe, the Middle East, Africa, Asia, and Latin America."--Jacket.
Contents: Laws of motion: secular boom and bust in the premodern periphery -- Core growth and world transport revolutions -- World market integration and the periphery terms of trade -- Relative factor price convergence, absolute factor price divergence, and income distribution -- The dark side: deindustrialization and underdevelopment -- Terms-of-trade impact: secular trend and volatility -- Bucking the global tide with high tariffs -- Coda: some guarded lessons from history.