The Development and Integration of the World Economy in the 19th and 20th Centuries
This information is for the 2018/19 session.
Dr Neil Cummins SAR 513 and Miss Natacha Postel-Vinay
This course is available on the MRes/PhD in Quantitative Economic History, MSc in Accounting, Organisations and Institutions, MSc in Economic History, MSc in Economic History (Research), MSc in Empires, Colonialism and Globalisation, MSc in Global Economic History (Erasmus Mundus) and MSc in Global Politics. This course is available with permission as an outside option to students on other programmes where regulations permit.
This course aims to provide an overview of the development and integration of the world economy since the First Industrial Revolution. Global economic history over this period can be divided into four phases, around which the lectures will be based:
1. The birth of the modern world, 1780-1870
2. Globalisation, 1870-1914
3. Globalisation Backlash, 1914-195-
4. Globalisation since 1950
Particular themes covered include:
1. Catching-up, forging ahead and falling behind: analysis of reasons for success and failure in economic growth in different eras
2. The role of factor and trade flows in the development process
3. Demographic transitions and their links to economic factors
4. The international monetary system and financial crises
5. The wider role of institutions and institutional change
10 hours of lectures and 10 hours of seminars in the MT. 10 hours of lectures and 10 hours of seminars in the LT. 1 hour of lectures and 1 hour of seminars in the ST.
Students on this course will have a reading week in Week 6 of each term, in line with departmental policy.
Three pieces of written work are to be submitted for the course.
Broadberry, S. and O'Rourke, K.H. (eds.) (2010), The Cambridge Economic History of Modern Europe; Acemoglu, D., and Robinson, J.A. (2006), Economic origins of dictatorship and democracy; Livi-Bacci, M. (2001), A Concise History of World Population; Broadberry, S.N. (1998), "How did the United States and Germany Overtake Britain? A Sectoral Analysis of Comparative Productivity Levels, 1870-1990", Journal of Economic History; Hatton, T. and J. Williamson (1998), The Age of Mass Migration; Eichengreen, B. (1996), Globalizing Capital; Accominotti, O., and Flandreau, M. (2008), "Bilateral Treaties and the Most-Favored Nation Clause. The Myth of Trade Liberalization in the Nineteenth Century", World Politics; O'Rourke, K. and Williamson, J. (1999), Globalization and History; Harrison, M. (1988), "Resource Mobilization for the Second World War in the USA, UK, USSR, and Germany, 1938-45", Economic History Review; Eichengreen, B. and Hatton, T.J. (eds.), Interwar Unemployment in International Perspective; Eichengreen, B., and Sachs, J. (1985), "Exchange Rates and Economic Recovery in the 1930s", Journal of Economic History; Taylor, A.M. (1998), "On the Costs of Inward-Looking Development: Price Distortions, Growth, and Divergence in Latin America", Journal of Economic History.
Exam (100%, duration: 3 hours) in the summer exam period.
Department: Economic History
Total students 2017/18: 61
Average class size 2017/18: 15
Controlled access 2017/18: Yes
Lecture capture used 2017/18: Yes (MT & LT)
Value: One Unit
Personal development skills
- Team working
- Problem solving
- Application of information skills
- Application of numeracy skills
- Specialist skills
Course survey results
(2014/15 - 2016/17 combined)1 = "best" score, 5 = "worst" score
The scores below are average responses.
Response rate: 58%
Reading list (Q2.1)
Course satisfied (Q2.4)