Hostname: page-component-cd9895bd7-p9bg8 Total loading time: 0 Render date: 2024-12-26T18:02:16.336Z Has data issue: false hasContentIssue false
  • English
  • Français

LAND, LABOR, AND GLOBALIZATION IN THE THIRD WORLD, 1870–1940

Published online by Cambridge University Press:  22 May 2002

Jeffrey G. Williamson
Get access Rights & Permissions [Opens in a new window]

Abstract

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.

Type
Research Article
Information
The Journal of Economic History , Volume 62 , Issue 1 , March 2002 , pp. 55 - 85
Copyright
© 2002 The Economic History Association

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)