Growth from Globalization? A View from the Very Long Run

Christopher Meissner

Chapter 08 in Handbook of Economic Growth, 2014, vol. 2, pp 1033-1069 from Elsevier

Abstract: What is the connection between different forms of globalization, economic growth, and welfare? International trade, cross-border capital flows, and labor movements are three areas in which economic historians have focused their research. I critically summarize various measures of international integration in each of these spheres. I then move on to discuss and evaluate the ongoing and active debate about whether globalization is significantly associated with growth in the past. I pay particular attention to the role of globalization in the Great Divergence, the tariff-trade-growth debate, and the globalization of capital markets in the 19th century.

Keywords: Great divergence; De-industrialization; Capital flows; First wave of globalization; Integration (search for similar items in EconPapers)
JEL-codes: F15 F34 F43 F63 N20 N70 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:grochp:2-1033

DOI: 10.1016/B978-0-444-53540-5.00008-2

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