Globalization and History

The book explores the dynamics of trade, migration, and international capital flows in the Atlantic economy leading up to 1914, highlighting the first major globalization boom. O'Rourke and Williamson utilize open-economy economics to analyze this period, distinguishing their work from previous closed-economy studies. They assess the extent and impact of globalization on participating nations and examine the political responses it triggered. By connecting historical events to contemporary globalization debates, the authors offer insights that have reshaped economic history discourse.