Chapter

Globalization in History

Nicholas Crafts and Anthony J. Venables

in Globalization in Historical Perspective

Published by University of Chicago Press

Published in print August 2003 | ISBN: 9780226065984
Published online February 2013 | e-ISBN: 9780226065991 | DOI: http://dx.doi.org/10.7208/chicago/9780226065991.003.0008
Globalization in History

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This chapter analyzes the historical experience of globalization, first sketching out some of the facts about the changing location of activity and the way that spatial interactions between economic agents changed over time. Second, it outlines theoretical approaches to thinking about the consequences of these changes, and third, looks in more detail at several historical episodes. From the nineteenth century, the chapter focuses on the rise of New World economies and the development of urbanization. It confronts the central issue of early twentieth-century economic history, namely how the United States came to overtake other regions, and argues that insights from new economic geography can shed important light on this change. A commentary is also included at the end of the chapter.

Keywords: divergence; world economy; economic geography; economic history

Chapter.  18576 words.  Illustrated.

Subjects: Economic History

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