| Description |
1 online resource : illustrations |
| Contents |
Cover -- One from the Many -- Copyright -- Dedication -- Contents -- Preface -- Acknowledgments -- 1. Introduction -- What Is the Global Economy? -- Why Study the Global Economy? -- The Importance of Interdependence -- The Relevance of History for Globalization -- A Brief Overview -- Long-Run Economic Growth -- Learning Methods and Objectives -- 2. The Very Long Run: 10,000 BCE-1820 CE -- The Ancient Economies -- The Rise of Islam and Eurasia -- The Age of European Conquest -- 3. The Great Specialization: 1820-1914 -- What Drove the 19th-Century Trade Boom? |
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Time-Space Convergence and the Drivers of Integration -- Policy Changes as Drivers of Integration -- Creating a Global Trade Network -- The Gravity Model of International Trade -- What Nations Traded: Patterns of Specialization Prior to 1914 -- "New" Trade Theory: Economic Geography and Intra-Industry Trade -- Summary -- 4. International Investment, 1820-1914 -- The Sources of Global Capital Flows -- Measuring Capital Market Integration -- The Lucas Paradox: The Mystery of the "Missing Capital" -- Impact of Capital Flows |
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5. Inter-Dependence and Instability in the Classical Gold-Standard Era -- The Case for the Golden Age of Stability -- Stability and Macroeconomic Outcomes -- How the Gold Standard Operated -- The Rules of the Game: Balance of Payments and Stability -- The Reality and Record of Financial Stability and Instability -- Capital Flows as a Cause of Financial Instability -- Summary -- 6. The Great Migrations -- Wage Gaps-The Driving Force for Migration -- Who Went Where and When? -- What Moves You? -- The "Birds of Passage" -- Summary |
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7. The Beginning of the End: Backlash to the First Wave of Globalization -- Convergence or Divergence in Economic Outcomes -- Backlash: Taking Shelter from the Global Economic Storm -- The Impact of Immigration -- Summary -- 8. World War I and Its Legacy (Prologue to the Great Depression): 1914-1928 -- World War I Disrupts the Global Economy -- International Financial Markets -- International Trade -- Immigration -- Fault Lines in the Inter-War Period -- The Treaty of Versailles and Its Hyperinflationary Consequences -- International Financial Flows as a Risk Factor |
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The Unstable Inter-War Gold-Exchange Standard -- The 1920s and the Precarious "Credit Boom" -- Summary -- 9. The Great Depression: An Unprecedented International Economic Crisis -- The Great Depression: Some Facts and Figures -- What Started It? -- The Severity of the Great Depression: Why Was It So Deep? Why Did It Last So Long? -- What Got Us Out of It? Economic Policy Changes and Economic Recovery -- Could It Happen Again? -- 10. Rebuilding the World Economy (Yet Again) -- The Marshall Plan: Rehabilitating Europe -- The Golden Age: Economic Growth and the Global Economy in Western Europe |
| Summary |
Amid a recent surge in arguments that the global economy has begun to 'de-globalize,' a question has emerged: will globalization survive? In 'One From the Many', Christopher M. Meissner argues that based on the long-run of history, globalization will not be easily vanquished. However, globalization can only survive if humanity continues to recognize its common interests and the amazing untapped potential of further integration. At the same time, the potential adverse effects of greater integration must be acknowledged, mitigated, and minimized |
| Notes |
Also issued in print: 2024 |
| Bibliography |
Includes bibliographical references and index |
| Audience |
Specialized |
| Notes |
Description based on online resource and publisher information; title from PDF title page (viewed on December 18, 2023) |
| Subject |
Economic history.
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Economic history -- 1750-1918.
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Economic history -- 1918-
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Economic history.
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Economics.
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Economics.
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| Form |
Electronic book
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| ISBN |
9780190258238 |
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0190258233 |
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