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The Foundations of Worldwide Economic Integration - Power, Institutions, and Global Markets, 1850-1930 (Paperback)
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The Foundations of Worldwide Economic Integration - Power, Institutions, and Global Markets, 1850-1930 (Paperback)
Series: Cambridge Studies in the Emergence of Global Enterprise
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The essays in this volume discuss the worldwide economic
integration between 1850 and 1930, challenging the popular
description of the period after 1918 as one of mere
deglobalisation. The authors posit 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
formalized regulations to informal relations of personal trust.
They argue that these networks were strong enough to prosper even
through 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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