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, a process that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world … world financial markets also reduced the cheap capital advantage of the leaders. However, ever-cheaper labor was not a …
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"Like the rest of the poor periphery, Mexico had to deal with de-industrialization forces between 1750 and 1913, those critical 150 years when the economic gap between the industrial core and the primary-product-producing periphery widened to such huge dimensions. Yet, from independence to...
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world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …
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