Growth and Fluctuations 1870-1913 (Routledge Revivals)

In this title, first published in 1978, Sir Arthur Lewis considers the development of the international economy in the forty years leading up to the First World War, with the adoption of the gold standard, a rapid growth in world trade, the opening up of the continents by the railways, vast emigration from Europe, India and China, and large-scale international investment._x005F_x000D_ The book contrasts the relationship between prices, industrial fluctuations, agricultural output, and the stock of monetary gold, considering both the varying patterns of leading economies and then their net combined effect on the rest of the world.