Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

International Trade and Economic Development

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

In marked contrast to the state of trade-related research on the Southern Low Countries, the breadth of academic literature concerning the role of international trade in economic development is immense. More recently, historians have again emphasized the importance of (overseas) commerce, and this in its turn has triggered renewed disputation amongst supporters of so-called endogenous growth factors. Partially influenced by Marxist theories, the adherents of external explanations are convinced that foreign trade not merely had beneficial effects, but was a primary cause of the Industrial Revolution. Sixteenth-and seventeenth-century mercantilists believed that international trade was in the first place a constant struggle, in which one's own market had to be protected rigorously against foreign imports. The two most important elements in this heterogeneous line of thought were the formation of monopolies and the complementarity of economic functions.

Keywords: economic development; endogenous growth factors; industrial revolution; international trade; Marxist theories



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Carriers of Growth? — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation