Trade and Empire, 1700-1870 N° 2008-24 July 2008 Guillaume Daudin OFCE Kevin H. O’Rourke Trinity College Dublin Leandro Prados de la Escosura Universidad Carlos III de Madrid Trade and Empire, 1700-1870 Guillaume Daudin, Kevin H. O'Rourke, Leandro Prados de la Escosura, Abstract This paper surveys the rise and fall of the European mercantilist system, and the transition to the modern, well-integrated international economy of the 19th century. It also surveys the literature on the links between trade and economic growth during the period, and on the economic effects of empire. Keywords: trade, empire, history JEL classification: N43, N73 Guillaume Daudin Département “Économie de la Mondialisation”, OFCE 69, Quai d’Orsay - 75007 Paris - France +33 (0)1 44 18 54 72 Professor of Economics, Université de Lille and OFCE
[email protected] http://web.mac.com/gdaudin/Guillaume_Daudins_homepage/Welcome.html Kevin H. O'Rourke Department of Economics, Trinity College, Dublin 2, Ireland Tel. 00353 1 896 3594; Fax. 00353 1 608 3939
[email protected] http://www.tcd.ie/Economics/staff/orourkek/homepage.htm Leandro Prados de la Escosura Departamento de Historia Económica e Instituciones, Universidad Carlos III de Madrid, Edificio Foronda, Despacho 7.0.14, Calle Madrid, 126, 28903 Getafe (Madrid), Spain Tel. +34 916249623
[email protected] http://www.uc3m.es/uc3m/dpto/HISEC/profesorado/Personal_Leandro_Prados.html Guillaume Daudin, Kevin H. O’Rourke, Leandros Prados de la Escosura 1. Introduction. The rise and fall of European mercantilism At the start of the first millennium, Western Europe was the most peripheral region within Eurasia.