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'One is not enough! An economic history perspective on world trade collapses and deglobalization', by Peter A.G. van Bergeijk

'One is not enough! An economic history perspective on world

ISS Working Paper No. 628

Abstract


This paper provides a comparative economic history perspective on two significant periods of deglobalization: the Great Depression in the 1930s and the period following the Financial Crisis of 2008/9. The paper discusses differences and similarities and provides empirical results regarding the correlates of deglobalization, including the political system (institutions), level of development (GDP per capita) and the share of manufacturing.


Keywords
Deglobalization, world trade collapse, economic history, value chains, politics and trade, 1930s, world trade slowdown

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About the author

Peter A.G. van Bergeijk is Professor of International Economics & Macroeconomics, at the International Institute of Social Studies (ISS) of Erasmus University, and leader of the research programme Economics of Development and Emerging Markets. His most recent book is Earth economics. An introduction to demand management, long run growth and global economic governance, published by Edward Elgar in 2013.