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The Foundations of Worldwide Economic Integration - Power, Institutions, and Global Markets, 1850-1930 (Hardcover, New)
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The Foundations of Worldwide Economic Integration - Power, Institutions, and Global Markets, 1850-1930 (Hardcover, New)
Series: Cambridge Studies in the Emergence of Global Enterprise
Expected to ship within 10 - 15 working days
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The essays in this volume discuss worldwide economic integration
between 1850 and 1930, challenging the popular description of the
period after 1918 as one of mere deglobalisation. The authors argue
that markets were not only places of material exchange, but also
socially structured entities, shaped by the agency of individual
actors and by complex structures of political and economic power.
Economic transactions were supported by an array of different
institutions, ranging from formalised regulations to informal
relations of personal trust. They argue that these networks were
strong enough to prosper even during and after World War I, in a
political climate often hostile to foreign trade. The Foundations
of Worldwide Economic Integration shows that institutionalism
altered its shape in the face of circumstances that increasingly
challenged international trade. By presenting case studies from
various countries, this book offers a fresh perspective on crucial
periods of economic globalisation.
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