Martin Melecky, 18 September 2018

Martin Melecky, Lead Economist at the Chief Economist Office for South Asia of the World Bank, presents a new World Bank report which discusses how transport corridors offer enormous potential to boost South Asia’s economic growth, reduce poverty, and spur job creation, provided the new trade routes spread their benefits broadly and limit negative environmental impacts.

Jan Bakker, Stephan Maurer, Jörn-Steffen Pischke, Ferdinand Rauch, 23 August 2018

Economists often point out the benefits of trade, yet empirical evidence for these benefits has been hard to come by and tends to be recent. This column goes back to the first millennium BC to analyse the growth effects of one of the first major trade expansions in human history: the systematic crossing of the open sea in the Mediterranean by the Phoenicians. A strong positive relationship between connectedness and archaeological sites suggests a large role for geography and trade in development even at such an early juncture in history.

Stephen Broadberry, 16 November 2013

The economic divergence we observe today was existent even a thousand years ago. Thanks to recent work on historical data, we can now trace the economic development of different countries centuries back in the past. This column discusses the roots of the Great Divergence between European and Asian economies. The column argues that divergence is due to the differential impact of shocks that hit economies with different structural features.

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