Jacks, David, Meissner, Christopher M. and Novy, Dennis (2008) Globalisation and the costs of international trade from 1870 to the present. [Digital Scholarly Resource]

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Abstract

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
Publisher:	Vox EU
Date:	16 August 2008
Publication Status:	Published
Media of Output:	Online
Access rights to Published version:	Open Access
URI:	http://wrap.warwick.ac.uk/id/eprint/44817

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