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A tale of two globalizations : gains for trade and openness 1800-2010

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dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorFederico, Giovanni
dc.contributor.authorTena Junguito, Antonio
dc.contributor.editorUniversidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Socialeses
dc.date.accessioned2016-02-23T15:58:19Z
dc.date.available2016-02-23T15:58:19Z
dc.date.issued2016-02-01
dc.description.abstractThis paper compares the wave of globalization before the outbreak of the Great Recession in 2007 with its alleged historical antecedent before the outbreak of World War One. We describe trends in trade and openness, estimate the gains from trade and investigate the proximate causes of the growth of openness. We argue that the conventional wisdom has to be revised. The first wave of globalization started around 1820 and culminated around 1870. In the next century, trade continued to grow, with the exception of the Great Depression, but openness and gains fluctuated widely. Growth resumed in the early 1970s. By 2007, the world was more open than a century earlier and its inhabitants gained from trade substantially more than their ancestors did. The current wave of globalization, in spite of some similarities with previous trends, has no historical antecedents.es
dc.format.mimetypeapplication/pdf
dc.identifier.issn2341-2542es
dc.identifier.urihttps://hdl.handle.net/10016/22354
dc.identifier.uxxiDT/0000001443es
dc.language.isoenges
dc.relation.datasethttps://doi.org/10.21950/RPK3MF
dc.relation.hasparthttp://hdl.handle.net/10016/22355
dc.relation.ispartofseriesWorking papers in Economic Historyes
dc.relation.ispartofseries16-02es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelF14es
dc.subject.jelN10es
dc.subject.otherGlobalizationes
dc.subject.otherOpennesses
dc.subject.otherGains of tradees
dc.subject.other19th and 20th Centuryes
dc.titleA tale of two globalizations : gains for trade and openness 1800-2010es
dc.typeworking paper*
dc.type.hasVersionAO*
dspace.entity.typePublication
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