Power and Plenty: Trade, War, and the World Economy in the Second Millennium

Couverture
Princeton University Press, 2007 - 619 pages

International trade has shaped the modern world, yet until now no single book has been available for both economists and general readers that traces the history of the international economy from its earliest beginnings to the present day. Power and Plenty fills this gap, providing the first full account of world trade and development over the course of the last millennium.

Ronald Findlay and Kevin O'Rourke examine the successive waves of globalization and "deglobalization" that have occurred during the past thousand years, looking closely at the technological and political causes behind these long-term trends. They show how the expansion and contraction of the world economy has been directly tied to the two-way interplay of trade and geopolitics, and how war and peace have been critical determinants of international trade over the very long run. The story they tell is sweeping in scope, one that links the emergence of the Western economies with economic and political developments throughout Eurasia centuries ago. Drawing extensively upon empirical evidence and informing their systematic analysis with insights from contemporary economic theory, Findlay and O'Rourke demonstrate the close interrelationships of trade and warfare, the mutual interdependence of the world's different regions, and the crucial role these factors have played in explaining modern economic growth.


Power and Plenty is a must-read for anyone seeking to understand the origins of today's international economy, the forces that continue to shape it, and the economic and political challenges confronting policymakers in the twenty-first century.

 

Table des matières

Introduction Geographical and Historical Background
1
Western Europe
4
Easter Europe
11
The Islamic World
15
Central or Inner Asia
24
South Asia
29
Southeast Asia
33
East AsiaChina Korean and Japan
37
Conclusion
304
Trade and the Industrial Revolution
311
Trade during the Industrial Revolution
324
Trade Overseas Expansion and the Industrial Revolution
330
Why Britain? Why Europe and Not Asia?
346
Conclusion
364
World Trade 17801914 The Great Specialization
365
War and Revolution
366

The World Economy at the Turn of the First Millennium
43
The Golden Age of Islam
48
The Sung Economic Miracle
61
The Indian Ocean and Southeast Asian Trade
67
The Pirenne Thesis
71
The Viking Connection
73
The Economy of Western Europe
80
World Trade 10001500 The Economic Consequences of Genghis Khan
87
Trade and War in the Mediterranean and the Black Sea 10001350
88
The India Ocean and the South China Sea 10001350
98
The Pax Mongolian and Overland Trade 10001350
101
Eurasia on the Eve of the Black Death
109
The Black Death
111
Trade between Western and Eastern Europe 13501500
120
The Aftermath of the Pax Mongolica
124
The Emergence of Russia
126
The Middle East the Mediterranean and International Trade 13501500
127
Southeast Asia and China 13501500
133
Quantifying the Late Medieval Spice Trade
140
World Trade 15001650 Old World Trade and New World Silver
143
Portugal the Atlantic and the Indian Ocean
145
Spain Portugal and the New World
158
The Pacific and East Asia
167
The Dutch Rise to Primacy in World Trade
175
Russia Sweden and the Baltic 15001650
187
Southeast Asia during the Age of Commerce
194
The Cape Route Venice and the Middle East
204
Silver Silk and Spices
212
World Trade 16501780 The Age of Mercantilism
227
Trade Plunder and Settlement
229
Mercantilism Commercial Rivalry and the AngloDutch Wars
238
Britain France and the Dutch Republic
245
Commercial Expansion and the Second Hundred Years War
247
The Disintegration of the Mughal Empire and the Transition to Colonial Rule
262
Southeast Asia and the End of the Age of Commerce
275
The Manchu Empire
284
Chinas Overseas Trade
286
Chinese and Russian Overland Trade
295
ShortRun Implications
369
LongRun Implications
371
The Industrial Revolution and Transportation Technology
378
Bulk Commodities and HeckscherOhlin Effects
383
NineteenthCentury Imperialism
387
NineteenthCentury Trade Policy
395
Commodity Market Integration 18151914
402
Complementary Factor Flows and the Great Frontier
407
Trade and the Global Division of Labor
411
Trade Tropical Frontiers and Great Divergence
414
The Terms of Trade
424
Conclusion
425
World Trade 191439 Deglobalization
429
The Aftermath of War
435
Interwar Commercial Policy
443
Transport Costs
455
The Volume of World Trade
458
Price Convergence and Divergence
461
The Great Depression the Collapse of World Trade and the Developing Countries
465
The Collapse of the Ottoman Empire
469
Conclusion
471
Reglobalization The Late Twentieth Century in Historical Perspective
473
Communism the Cold War and Decolonization
476
195070
489
194580
493
19802000
496
International Transport Costs
501
Quantities and Prices
505
Unraveling the Great Specialization
512
Openness and Convergence in the Late Twentieth Century
515
Conclusion
525
Globalization at the Dawn of TwentyFirst Century
527
Economic Challenges
534
Political Challenges
539
BIBLIOGRAPHY
547
INDEX
593
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