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Trade blocs and trade wars during the interwar period
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Jacks, David S. and Novy, Dennis (2020) Trade blocs and trade wars during the interwar period. Asian Economic Policy Review, 15 (1). pp. 119-136. doi:10.1111/aepr.12276 ISSN 1832-8105.
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Official URL: https://doi.org/10.1111/aepr.12276
Abstract
What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical episode provide for the present day? To answer these questions, we distinguish between long‐run secular trends in the period from 1920 to 1939 related to the formation of trade blocs and short‐run disruptions associated with the trade wars of the 1930s. We argue that the trade wars mainly served to intensify pre‐existing efforts toward the formation of trade blocs which dated from at least 1920. More speculatively, we argue that the trade wars of the present day may serve a similar purpose as those in the 1930s, that is, the intensification of China‐ and US‐centric trade blocs.
| Item Type: | Journal Article | ||||||||
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| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Journal or Publication Title: | Asian Economic Policy Review | ||||||||
| Publisher: | Wiley-Blackwell Publishing, Inc | ||||||||
| ISSN: | 1832-8105 | ||||||||
| Official Date: | January 2020 | ||||||||
| Dates: |
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| Volume: | 15 | ||||||||
| Number: | 1 | ||||||||
| Page Range: | pp. 119-136 | ||||||||
| DOI: | 10.1111/aepr.12276 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | "This is the peer reviewed version of the following article: Jacks, D. S. and Novy, D. (2019), Trade Blocs and Trade Wars during the Interwar Period. Asian Economic Policy Review, which has been published in final form at https://doi.org/10.1111/aepr.12276. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions." | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 20 June 2019 | ||||||||
| Date of first compliant Open Access: | 2 July 2021 | ||||||||
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