Growth of the International Economy, 1820-2015.

Format:

• Book

Author/Creator:

• Graff, Michael.

Contributor:

• Kenwood, A. G.
• Lougheed, A. L.

Language:

English

Subjects (All):

• Economic history.
• International economic relations--History.

Local Subjects:

• Economic history.
• International economic relations--History.

Physical Description:

1 online resource (387 p.)

Edition:

5th ed.

Place of Publication:

• Florence : Taylor and Francis, 2013.
• Oxfordshire, England ; New York : Routledge, 2014.

Language Note:

English

Summary:

<P>Kenwood and Lougheed's classic book has been the benchmark introduction to the development of the global economy for decades. For this fifth edition, Michael Graff has brought the story up to date to include events from the early part of the twenty first century - continued globalization, the emergence of Asia as an economic power and the greater role played by business on the international scene.</P><P></P><P>Beginning with the industrial revolution, the book charts the long nineteenth century, the impact of colonialism, the fast pace of technology growth and the impact of global wars. New

Contents:

• Cover; Growth of the International Economy, 1820-2015; Title Page; Copyright Page; Table of Contents; List of illustrations; Preface; Abbreviations; Introduction; Prologue: The International Economy from the Beginnings to 1820; The Palaeolithic period; The Neolithic period; Antiquity; Middle ages; Modernity; The Atlantic economy; Appendix 1: Economic output and macroeconomic accounting; Appendix 2: Early financial manias and crashes; Appendix 3: Why Europe? Why Britain?; Part I The International Economy, 1820-1913
• 1 The Causes of the Growth of the International Economy in the Nineteenth CenturyTechnological progress: Industry and agriculture; Technical progress: Transport and communications; The accumulation of capital; The growth of world population; The supply of natural resources; The growth of real incomes; The spread of economic liberalism; The growth of international trade; 2 International Long-Term Capital Movements, 1820-1913; The growth of foreign investment; Direction of foreign investment; Determinants of capital outflow; The use of foreign funds in borrowing countries
• Economic consequences of foreign investment3 International Migration, 1820-1913; European migration, 1821-1913; Migration and its causes; Aids to mass emigration; Economic consequences of migration; Intracontinental migration; Asiatic migration and tropical development; Summary and outlook; 4 Commercial Policy in the Nineteenth Century; Britain adopts free trade; The spread of free trade; The economic consequences of free trade; The return to protection; The economic consequences of protection; 5 Foreign Trade in the Nineteenth Century; The growth of world trade up to 1913
• The direction of world trade up to 1913The composition of world trade up to 1913; Conclusions; 6 The Evolution of a Multilateral Payments Network; Introduction; Development of the system; Foreign investment and the multilateral settlements network; Concluding remarks; 7 The Evolution of an International Monetary System: The Gold Standard Until 1914; Bimetallic and monometallic standards; Britain adopts the gold standard; International monetary standards up to 1870; The spread of the gold standard
• The role of sterling as an international currency and the importance of the London capital marketThe working of the gold standard; Divergence between classical theory and empirical evidence; Other features of the adjustment mechanism; Conclusions; Appendix 1: History of money from its origins to 1914; Appendix 2: The quantity theory of money; 8 International Aspects of Economic Growth in the Nineteenth Century: The Spread of Industrialization; Introduction; The spread of industrialization; The contribution of the international economy; Causes of the limited spread of industrialization
• Conclusions

Notes:

• Description based upon print version of record.
• Includes bibliographical references and index.
• Description based on metadata supplied by the publisher and other sources.

ISBN:

• 1-135-01064-1
• 0-203-74444-6
• 1-135-01065-X

OCLC:

855970177