Publication: A tale of two globalizations : gains for trade and openness 1800-2010 [Data set]
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2016-02
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Universidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Sociales
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Abstract
This dataset in an Excel file 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. This dataset is related to the working paper "A tale of two globalizations : gains for trade and openness 1800-2010" by by Giovanni Federico and Antonio Tena Junguito, available on: http://hdl.handle.net/10016/22354
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Globalization, Openness, Gains of trade, 19th and 20th Century
Bibliographic citation
Federico, Giovanni; Tena Junguito, Antonio. A tale of two globalizations : gains for trade and openness 1800-2010 [Data set]. Working Papers in Economic History. 16-02. Getafe: Universidad Carlos III de Madrid, 2016. http://hdl.handle.net/10016/22354