Globalisation and the costs of international trade from 1870 to the present
Jacks, David, Meissner, Christopher M. and Novy, Dennis (2008) Globalisation and the costs of international trade from 1870 to the present. [Online]. (http://www.voxeu.org/index.php?q=node/1545)Vox EU.Full text not available from this repository.
Official URL: http://www.voxeu.org/index.php?q=node/1545
Analysts suggest that rising oil prices will sharply reduce international trade. This column argues to the contrary, noting that transport costs constitute a limited share of trade costs. Moreover, evidence from the first wave of globalisation suggests that higher shipping costs are unlikely to significantly dampen international commerce – only protectionism would seriously threaten trade.
|Item Type:||Digital Scholarly Resource|
|Subjects:||H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
|Divisions:||Faculty of Social Sciences > Economics|
|Date:||16 August 2008|
|Media of Output:||Online|
|Access rights to Published version:||Open Access|
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