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Christof Dejung, Niels P. Petersson - The Foundations of Worldwide Economic Integration, Inbunden

Inbunden, Engelska, 2013

The Foundations of Worldwide Economic Integration

Power, Institutions, and Global Markets, 1850-1930

Av Christof Dejung, Niels P. Petersson

Del i serien Cambridge Studies in the Emergence of Global Enterprise

1641 kr

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Beskrivning
The essays in this volume discuss worldwide economic integration between 1850 and 1930, challenging the popular description of the period after 1918 as one of mere deglobalisation. The authors argue that markets were not only places of material exchange, but also socially structured entities, shaped by the agency of individual actors and by complex structures of political and economic power. Economic transactions were supported by an array of different institutions, ranging from formalised regulations to informal relations of personal trust. They argue that these networks were strong enough to prosper even during and after World War I, in a political climate often hostile to foreign trade. The Foundations of Worldwide Economic Integration shows that institutionalism altered its shape in the face of circumstances that increasingly challenged international trade. By presenting case studies from various countries, this book offers a fresh perspective on crucial periods of economic globalisation.
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Christof Dejung is Senior Lecturer and Researcher in the Department of History and Sociology at the University of Konstanz, Germany. Niels P. Petersson is Senior Lecturer in History at Sheffield Hallam University.

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'It has become commonplace to argue that institutions and rules matter greatly to economic performance. But how did these institutions and rules emerge and take the particular shapes that they did? Christof Dejung and Niels P. Petersson's significant collection takes a sustained look at global trade in the late nineteenth and early twentieth centuries and shows how European merchants, Indian peasants, imperial statesmen, and others, constructed these institutions and rules. Far from a definite set of tools, the institutions that enabled global trade were the outcome of sustained social contestation on local marketplaces, in national politics, and across ocean-spanning trade networks. Power is back to the debate on institutions - and this book is a must-read for anyone interested in this important story.' Sven Beckert, Harvard University

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