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Globalisation and the costs of international trade from 1870 to the present
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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.
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Official URL: http://www.voxeu.org/index.php?q=node/1545
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 | ||||
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
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| Divisions: | Faculty of Social Sciences > Economics | ||||
| Publisher: | Vox EU | ||||
| Official Date: | 16 August 2008 | ||||
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| Publication Status: | Published | ||||
| Media of Output (format): | Online | ||||
| Access rights to Published version: | Open Access (Creative Commons) |
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