 Global Income Divergence, Trade, and Industrialization: The Geography of Growth Take-OffsGianmarco Ottaviano, Richard Baldwin and Philippe Martin Post-Print from HAL Abstract: This article formalizes the theoretical interconnections among four post–industrial revolution phenomena—the industrialization and growth take-off of rich northern nations, massive global income divergence, and rapid trade expansion. In stages-of-growth model, the four phenomena are jointly endogenous and are triggered by falling trade costs. In the first growth stage (with high trade costs) industry is dispersed internationally, and growth is low. In the second (medium trade costs), the North industrializes rapidly, growth take-off, and the South diverges. In the third (low trade costs), highgrowth and global divergence become self-sustaining. In the fourth stage, when the cases of "trading'' ideas decreases, the South quickly industrializes and converges. Keywords: growth; Take-off; Industrial revolution; economic geography; endogenous growth; trade and development (search for similar items in EconPapers) Published in Journal of Economic Growth, 2001 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03609282 Access Statistics for this paper More papers in Post-Print from HAL |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.