The Evolution of the International Economic Order

Lewis, W. Arthur

doi:10.1016/b978-0-12-444280-1.50005-7

Cited by 43 publications

(56 citation statements)

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“…However, as also shown in Figure 4, the fall from the peak in the mid-1880s to 1939 eroded all the gains which producers and traders in West Africa had experienced from the early 1800s onwards. This terms-of-trade decline that has received far more attention than the huge boom that preceded it (Prebisch 1950;Singer 1950;Lewis 1978).…”

Section: The Commodity Price Boom Of 1835-1885mentioning

confidence: 99%

An Economic Rationale for the West African Scramble? The Commercial Transition and the Commodity Price Boom of 1835–1885

2018

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We use a new trade dataset showing that nineteenth century sub-Saharan Africa experienced a terms of trade boom comparable to other parts of the “global periphery.” A sharp rise in export prices in the five decades before the scramble (1835–1885) was followed by an equally impressive decline during the colonial era. This study revises the view that the scramble for West Africa occurred when its major export markets were in decline and argues that the larger weight of West Africa in French imperial trade strengthened the rationale for French instead of British initiative in the conquest of the interior.

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Section: The Commodity Price Boom Of 1835-1885mentioning

confidence: 99%

An Economic Rationale for the West African Scramble? The Commercial Transition and the Commodity Price Boom of 1835–1885

2018

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“…In 1914, the international trade bills financed by London stood at 350 million pounds (Cassis, 2011). 3 It controlled a large empire, which 1 Scammel (1985) 2 It is evident from the writings of Lewis (1978), De Cecco (1984, Scammel (1985) and Keynes (1913). 3 Aliber has said "Traders in foreign exchange need an inventory of foreign currencies; they want to minimize the cost of holding this inventory.…”

Section: The Gold Standardmentioning

confidence: 99%

“…And the development of the reserve currency roles of the British pound and then of the US dollar followed the patterns of trade finance" (Aliber 2000, ). 4 Lewis (1978). He said, "Whenever Britain began to recover from cyclical recession there would come a point where the Bank began to lose gold….…”

Section: The Gold Standardmentioning

confidence: 99%

Role of Foreign Exchange Reserve in Exchange Rate Behaviour the Persisting Asymmetry: A Historical Account

Guha¹

2017

Proceedings of the 34th International Academic Conference, Florence

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Foreign exchange and monetary gold reserve is a very important factor to determine nominal exchange rate for the countries whose currency has very little use as reserve currency. Whereas, for the reserve currency countries it is not so important -it is primarily because of their greater money pulling power internationally through rate of interest change. They have this power because their currencies are having greater use as international money. Though the international monetary systems have changed from fixed exchange rate of Gold Standard period to independent float or managed float exchange rate systems of today's world, this asymmetry between the reserve currency countries and the other countries has not change. Though, ideally under flexible exchange rate system, the importance of foreign exchange reserve in determining nominal exchange rate should be very little. This paper takes an historical review of all the International Monetary System to establish the importance of foreign exchange reserve in determining exchange rate for developing countries; but it is not be the case with the reserve currency countries.

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“…The argument that there is an inherent tendency for international inequality to increase is often ref erred to as the doctrine of "uneven development." This doctrine is usually associated with marxists such as Baran (1951), Frank (1967), and Wallerstein (1974), but similar argwnents have also been made by nonmarxists such as Myrdal (1957) and Lewis (1977). This paper sets out a model which attempts to present the essentials of the doctrine of uneven development in schematic form.…”

Section: Introducationmentioning

confidence: 99%

Trade, Accumulation, and Uneven Development

1990

Rethinking International Trade

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The Evolution of the International Economic Order

Cited by 43 publications

References 0 publications

An Economic Rationale for the West African Scramble? The Commercial Transition and the Commodity Price Boom of 1835–1885

An Economic Rationale for the West African Scramble? The Commercial Transition and the Commodity Price Boom of 1835–1885

Role of Foreign Exchange Reserve in Exchange Rate Behaviour the Persisting Asymmetry: A Historical Account

Trade, Accumulation, and Uneven Development

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