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Globalisation and Agricultural Trade
Author(s) -
Anderson Kym
Publication year - 2014
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/aehr.12050
Subject(s) - globalization , agriculture , international trade , period (music) , economics , production (economics) , agricultural economics , geography , market economy , archaeology , macroeconomics , physics , acoustics
For most of the past 10,000 years, long‐distance agricultural trade has focused on crop seeds or cuttings, breeding animals, and farm production technologies, before the dramatic falls in trade costs over the past two centuries allowed the gradual addition of farm outputs in raw or processed form to long‐distance trade. That process was helped or hindered in various periods and places by governments' trade‐related policies. This paper traces the impact of those developments on terms of trade during the first globalisation wave to 1913 and then looks briefly at the inter‐war period, before concentrating on the period since the 1950s.