Globalization in History: A Geographical Perspective

53 Pages Posted: 18 Dec 2001

See all articles by Nicholas Crafts

Nicholas Crafts

University of Warwick; Centre for Economic Policy Research (CEPR)

Anthony J. Venables

University of Oxford; Centre for Economic Policy Research (CEPR)

Date Written: November 2001

Abstract

This Paper argues that a geographical perspective is fundamental to understanding comparative economic development in the context of globalization. Central to this view is the role of agglomeration in productivity performance; size and location matter. The tools of the new economic geography are used to illuminate important episodes when the relative position of major economies radically changed: the rise of the United States at the beginning and of East Asia at the end of the 20th century. It is suggested that while lack of high quality institutions has been a major reason for falling behind geographic disadvantages also merit attention.

Keywords: Globalization, economic geography, economic history

JEL Classification: F10, N10, N70

Suggested Citation

Crafts, Nicholas and Venables, Anthony J., Globalization in History: A Geographical Perspective (November 2001). CEPR Discussion Paper No. 3079. Available at SSRN: https://ssrn.com/abstract=293626

Nicholas Crafts (Contact Author)

University of Warwick ( email )

Gibbet Hill Rd.
Coventry, West Midlands CV4 8UW
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Anthony J. Venables

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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