The Role of Federalism in Developing the US during Nineteenth-century Globalization
Eric Rauchway
No RP2006-72, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
During its development into a continental empire, the US, like other countries relied on the investment of capital and labour from abroad; unlike other countries, the US had a peculiar political institution, federalism, which channeled these resources and also determined the course of protest against these resources. The paper argues that federalism played a key role in determining the course of US economic development and reaction to this early instance of globalization, a role with possible lessons for other countries today.
Keywords: Economic development; History of economics; Globalization; State governments (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2006-72
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