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The Integration of the World Economy, 1850-1914 (Hardcover)
Loot Price: R17,207
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The Integration of the World Economy, 1850-1914 (Hardcover)
Series: The Growth of the World Economy series
Expected to ship within 12 - 17 working days
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During the latter part of the nineteenth century and the beginning
of this century both international trade and national economies
grew exponentially, with international trade growing considerably
faster than national income. Contributors to these two volumes
question whether trade's more rapid growth was an engine pulling
successful economies, or whether government policies of trade
protection had a greater impact upon national economic growth. The
essays in this collection analyse four major driving forces of the
period's sustained economic growth: changes in tariff policies; the
technological 'revolution' in transportation costs; the population
and income growth effects upon demand; and the alterations to
comparative advantage brought about by technological changes and
resource discoveries.
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