Historical Precedents of Global Markets

Rainer Fremdling

Working Papers from Groningen State, Institute of Economic Research-

Abstract: During the 19th century, European countries not only industrialised heavily but they also traded with each other and with overseas areas in an until hitherto unkown degree. By 1913, a globalised economy has emerged, which -after the draw-back of the two world wars and the disentagration of the world economy occurring between these wars- did not reappear before the 1960s or even the 1970s. The paper presents the hitorical precedents to global markets.

Keywords: EUROPE; INTERNATIONAL ECONOMY; TRADE (search for similar items in EconPapers)
JEL-codes: F13 N70 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1999
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Working Paper: Historical precedents of global markets (1999)
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