Land, labor, and globalization in the Third World, 1870-1940

• 成果类型: Article
• 署名作者: Harvard University
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• 发表日期: 2002
• 页码: 55-85
• 关键词: factor-price convergence; international economy; commodity prices; free-trade; GROWTH; terms; JAPAN; transportation; agriculture; MARKETS

摘要

This article documents pre- 1940 wage-rental ratios, land-labor ratios, the terms of trade, and other variables for nine countries in the periphery, and joins them to data previously collected for the greater Atlantic economy Commodity-price convergence is found to have been stronger in the preindustrial Third World than in the industrializing Atlantic economy. A previously unnoticed Third World convergence in wage-rental ratios is also documented. It appears that relative factor-price convergence took place, even though average living standards diverged dramatically between center and periphery.