LAND, LABOR, AND GLOBALIZATION IN THE THIRD WORLD, 1870–1940

Jeffrey Williamson ()

The Journal of Economic History, 2002, vol. 62, issue 1, 55-85

Abstract: This article documents pre-1940 wage–rental ratios, land–labor ratios, the terms of trade, and other variables for nine countries in the periphery, and joins them to data previously collected for the greater Atlantic economy. Commodity-price convergence is found to have been stronger in the preindustrial Third World than in the industrializing Atlantic economy. A previously unnoticed Third World convergence in wage–rental ratios is also documented. It appears that relative factor-price convergence took place, even though average living standards diverged dramatically between center and periphery.

Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (36)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:62:y:2002:i:01:p:55-85_04

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().