Globalization in Historical Perspective

Paperback | October 15, 2005

EditorMichael D. Bordo

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As awareness of globalization grows, so too does our need to understand it historically. This volume is one of the few to consider globalization in the context of the history of international trade. Its eleven papers explore a synthesized variety of topics, including how the process of globalization can be measured by the long-term integration of markets, what trends and questions develop as markets converge and diverge, what roles technology and geography play, the effect of globalization on inequality and social justice, and the roles of political institutions in responding to such injustices. Ultimately this work provides a panoramic view of globalization, one that will offer much to readers interested in this crucial issue.

"The volume reads, in some ways, like a handbook of the history of globalization. . . . It should prove valuable to any scholar interested in the long and winding course the international economy has taken. . . . Together, [the articles] remind readers just how much may be at stake in the process of economic integration, and just how important a well-articulated understanding of that process may be in guiding the political responses to globalization. In that regard, this volume makes a valuable contribution."—William J. Collins, EH.net

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From the Publisher

As awareness of globalization grows, so too does our need to understand it historically. This volume is one of the few to consider globalization in the context of the history of international trade. Its eleven papers explore a synthesized variety of topics, including how the process of globalization can be measured by the long-term int...

From the Jacket

As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysi...

Michael D. Bordo is professor of economics and director of the Center for Monetary and Financial History at Rutgers University. He is the editor of the Cambridge University Press series Studies in Macroeconomic History and the author or editor of many books. Alan M. Taylor is professor of economics at the University of California, Davi...

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Format:PaperbackDimensions:597 pages, 9 × 6 × 1.4 inPublished:October 15, 2005Publisher:University Of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0226066002

ISBN - 13:9780226066004

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Table of Contents

Acknowledgements
Introduction
Michael D. Bordo, Alan M. Taylor, and Jeffrey G. Williamson
I. THE RISE AND FALL (AND RISE) OF MARKET INTEGRATION
1. Commodity Market Integration, 1500-2000
Ronald Findlay and Kevin H. O'Rourke
Comment: Douglas A. Irwin
2. International Migration and the Integration of Labor Markets
Barry R. Chiswick and Timothy J. Hatton
Comment: Riccardo Faini
3. Globalization and Capital Markets
Maurice Obstfeld and Alan M. Taylor
Comment: Richard Portes
II. THE GREAT DIVERGENCE, GEOGRAPHY, AND TECHNOLOGY
4. Globalization and Convergence
Steve Dowrick and J. Bradford DeLong
Comment: Charles I. Jones
5. Does Globalization Make the World More Unequal?
Peter H. Lindert and Jeffrey G. Williamson
Comment: Lant Pritchett
6. Technology in the Great Divergence
Gregory Clark and Robert C. Feenstra
Comment: Joel Mokyr
7. Globalization in History: A Geographical Perspective
Nicholas Crafts and Anthony J. Venables
Comment: Richard E. Baldwin
III. FINANCIAL INSTITUTIONS, REGIMES, AND CRISES
8. Financial Systems, Economic Growth, and Globalization
Peter L. Rousseau and Richard Sylla
Comment: Charles W. Calomiris
9. Core, Periphery, Exchange Rate Regimes, and Globalization
Michael D. Bordo and Marc Flandreau
Comment: Anna J. Schwartz
10. Crises in the Global Economy from Tulips to Today: Contagion and Consequences
Larry Neal and Marc Weidenmier
Comment: Mark P. Taylor
11. Monetary and Financial Reform in Two Eras of Globalization
Barry Eichengreen and Harold James
Comment: Peter B. Kenen
Globalization in Interdisciplinary Perspective: A Panel
Clive Crock, The Economist
Gerardo della Paolera, American University of Paris
Niall Ferguson, Jesus College, Oxford University
Anne O. Krueger, IMF and NBER
Ronald Rogowski, University of California-Los Angeles
Contributors
Author Index
Subject Index