Exports and American divergence. Lost decades and Emancipation collapse in Latin American and the Caribbean 1820-1870

Giovanni Federico
Authors registered in the RePEc Author Service: Antonio Tena Junguito

IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola

Abstract: The period 1820-1870, or 'lost decades', is widely regarded as the key moment in the opening of gap between Latin America and the United States. We test this statement with a new set of export series. We show that the performance of Latin American countries was quite good, although not outstanding. Mexico was hit by foreign policy crisis, but the only real basket case have been the British and French colonies in the Caribbean. The emancipation of slaves caused a collapse in their exports, favoring other tropical countries, including Cuba and Brazil. Further South, independent countries such as Argentine and Chile increased their share of world trade. In a nutshell, most of the divergence in the 1820-1870 in the Americas was between tropical countries rather than between Latin America and North America.

Keywords: International; Trade; Latin; America; and; the; Caribbean; Early; Nineteenth; century; Independence; and; Emancipation (search for similar items in EconPapers)
JEL-codes: F14 N10 (search for similar items in EconPapers)
Date: 2017-02
New Economics Papers: this item is included in nep-his and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:24208

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