Italy and the first age of globalization, 1861-1940
The paper presents trade policy as in line with that of other continental European powers, with a move to moderate levels of tariff protection for politically sensitive sectors such as steel and textiles and clothing, but also in agriculture, with levels of protection falling slightly before the Fir...
| Main Authors: | , |
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| Format: | Working paper |
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University of Oxford
2012
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| _version_ | 1826260394058973184 |
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| author | O'Rourke, K James, H |
| author_facet | O'Rourke, K James, H |
| author_sort | O'Rourke, K |
| collection | OXFORD |
| description | The paper presents trade policy as in line with that of other continental European powers, with a move to moderate levels of tariff protection for politically sensitive sectors such as steel and textiles and clothing, but also in agriculture, with levels of protection falling slightly before the First World War. Monetary policy was similarly driven by the constraints of capital scarcity, and the political priority attached to reducing the cost of funding government debt. The most innovative area was probably in industrial policy, where after the 1880s and again in the 1930s in response to severe shocks, quite creative institutional policies were adopted. In particular financial restructuring was used as an opportunity to reshape the structure of industry. |
| first_indexed | 2024-03-06T19:04:56Z |
| format | Working paper |
| id | oxford-uuid:14cee4ab-9ebc-4d30-a4bf-c67b4fb0aefc |
| institution | University of Oxford |
| last_indexed | 2024-03-06T19:04:56Z |
| publishDate | 2012 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:14cee4ab-9ebc-4d30-a4bf-c67b4fb0aefc2022-03-26T10:21:57ZItaly and the first age of globalization, 1861-1940Working paperhttp://purl.org/coar/resource_type/c_8042uuid:14cee4ab-9ebc-4d30-a4bf-c67b4fb0aefcBulk import via SwordSymplectic ElementsUniversity of Oxford2012O'Rourke, KJames, HThe paper presents trade policy as in line with that of other continental European powers, with a move to moderate levels of tariff protection for politically sensitive sectors such as steel and textiles and clothing, but also in agriculture, with levels of protection falling slightly before the First World War. Monetary policy was similarly driven by the constraints of capital scarcity, and the political priority attached to reducing the cost of funding government debt. The most innovative area was probably in industrial policy, where after the 1880s and again in the 1930s in response to severe shocks, quite creative institutional policies were adopted. In particular financial restructuring was used as an opportunity to reshape the structure of industry. |
| spellingShingle | O'Rourke, K James, H Italy and the first age of globalization, 1861-1940 |
| title | Italy and the first age of globalization, 1861-1940 |
| title_full | Italy and the first age of globalization, 1861-1940 |
| title_fullStr | Italy and the first age of globalization, 1861-1940 |
| title_full_unstemmed | Italy and the first age of globalization, 1861-1940 |
| title_short | Italy and the first age of globalization, 1861-1940 |
| title_sort | italy and the first age of globalization 1861 1940 |
| work_keys_str_mv | AT orourkek italyandthefirstageofglobalization18611940 AT jamesh italyandthefirstageofglobalization18611940 |