The making of a World Trade Network of capital goods after the SecondWorld War. Reversal of fortune?

Antonio Cubel Montesinos, Marta Solaz and M. Teresa Sanchís Llopis

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

Abstract: This paper studies the pattern of world trade in capital goods during the two key decades following World War II (1954-1973) by applying the Network Analysis methodology to study world trade as proposed by De Benedictis and Tajoli (2011). Departing from the technological superiority of US and Germany in machinery and transport equipment industries, their role asthe world main exporters is unquestionable. However, their relative presence in the world market, and more specifically in the European market, changed along the Golden Age period. While exports from the US dominated the European markets in the aftermath of the Second World War, the way the reconstruction was addressed and the new order favorable to tradeliberalization consolidated a network less dependent on the quasi-aboslute dominace of the United States prevailing after the war.

Keywords: Bilateral; trade; Equipment; Golden; Age; Network; analysis (search for similar items in EconPapers)
JEL-codes: F21 F43 O33 O51 (search for similar items in EconPapers)
Date: 2025-09-30
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Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:48102

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