Conference Paper

Losing our marbles in the new century?: the great rebalancing in historical perspective

Abstract: We focus on the two eras of globalization: ?then? (the period 1870 to 1913) and ?now? (the period since the 1970s). We look at the special position in the global macroeconomy of the hegemons in each era: Britain then, and the United States now. And adducing historical data to match what we know from the contemporary record, we proceed in the tradition of New Comparative Economic History to see what lessons the past might have for the present.

Keywords: International trade; Balance of trade; Economic history;

Status: Published in Global imbalances: as giants evolve (2006: June 14-16)

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Conference Series ; [Proceedings]

Publication Date: 2006

Volume: 51