The Foundations of Worldwide Economic Integration: Power, Institutions, and Global Markets, 1850-1930
Christof Dejung, Niels P. Petersson
Cambridge University Press, Jan 7, 2013 - Business & Economics - 277 pages
The essays in this volume discuss the worldwide economic integration between 1850 and 1930, challenging the popular description of the period after 1918 as one of mere deglobalisation. The authors posit that markets were not only places of material exchange, but also socially structured entities, shaped by the agency of individual actors and by complex structures of political and economic power. Economic transactions were supported by an array of different institutions, ranging from formalized regulations to informal relations of personal trust. They argue that these networks were strong enough to prosper even through and after World War I, in a political climate often hostile to foreign trade. The Foundations of Worldwide Economic Integration shows that institutionalism altered its shape in the face of circumstances that increasingly challenged international trade. By presenting case studies from various countries, this book offers a fresh perspective on crucial periods of economic globalisation.
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actors American Argentina Association Bank of England bankruptcy Berne Union Bombay Britain British brokers Bunge 86 Born Cambridge capital cartels cent Chamber of Commerce colonial commercial Committee companies Conference Convention cooperation cotton trade countries courts credit reporting ﬁrms Creditreform cross-border cultural difﬁcult Droit d’Auteur EFO’s Empire established Europe Exchange’s export ﬁnance ﬁnancial ﬁrst foreign German global globalisation gold market gold standard grain History Imperialism important India Indian cotton Indian merchants Indian traders industry inﬂuence information asymmetry institutions intellectual property international economic International Law international trade internationale issues Japan Japanese League of Nations loan London Stock Exchange multinational mutual protection societies networks nineteenth century nomic ofﬁce ofﬁcials patents peasants political problem production proﬁts regulations role rules Second Industrial Revolution sector signiﬁcant Sindhi social South Africa Statutory List Stock Exchange tion Tokyo Tower to F.T.D. transactions transnational United Western