Crafts, Nicholas and Venables, Anthony (2001) Globalization in history: a geographical perspective. Discussion Paper. London: Centre for Economic Policy Research (Great Britain). (Discussion paper (Centre for Economic Policy Research (Great Britain))).

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Abstract

This Paper argues that a geographical perspective is fundamental to understanding comparative economic development in the context of globalization. Central to this view is the role of agglomeration in productivity performance; size and location matter. The tools of the new economic geography are used to illuminate important episodes when the relative position of major economies radically changed: the rise of the United States at the beginning and of East Asia at the end of the 20th century. It is suggested that while lack of high quality institutions has been a major reason for falling behind geographic disadvantages also merit attention.

Item Type:	Working or Discussion Paper (Discussion Paper)
Subjects:	H Social Sciences > HC Economic History and Conditions J Political Science > JZ International relations
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Globalization -- Economic aspects, Economic geography, Economics -- History -- 20th century, International economic relations
Series Name:	Discussion paper (Centre for Economic Policy Research (Great Britain))
Publisher:	Centre for Economic Policy Research (Great Britain)
Place of Publication:	London
Date:	November 2001
Number:	No.307
Number of Pages:	53
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access
Funder:	Fifth Framework Programme (European Commission) (FP5)
Grant number:	HPRN-CT-2000- 00069 (FFP)
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URI:	http://wrap.warwick.ac.uk/id/eprint/1674

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