Domestic markets and international integration: paths to industrialisation in the Nordic countries
This article scrutinises the role of structural change and foreign trade in the Nordic countries, except Iceland, in industrialization prior to 1914. Sector contribution to GDP as well as the role of the foreign trade is compared across the countries. The comparison uncovers different paths to indus...
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ftrepec:oai:RePEc:taf:sehrxx:v:61:y:2013:i:2:p:101-121 2023-05-15T16:50:29+02:00 Domestic markets and international integration: paths to industrialisation in the Nordic countries Jonas Ljungberg Lennart Sch�n http://hdl.handle.net/10.1080/03585522.2013.784214 unknown http://hdl.handle.net/10.1080/03585522.2013.784214 article ftrepec 2020-12-04T13:41:54Z This article scrutinises the role of structural change and foreign trade in the Nordic countries, except Iceland, in industrialization prior to 1914. Sector contribution to GDP as well as the role of the foreign trade is compared across the countries. The comparison uncovers different paths to industrialization that cannot be explained by reference to received views, such as the shock of free trade or open economy forces. Denmark was not only richer than the rest of the 'Nordic Periphery' but also earlier in industrialization. Furthermore, agriculture had a much neglected role in Swedish catch-up, and despite its relatively large export sector, Norway lagged behind, as did Finland. Economic growth was characterised not only by rising exports but also by capital imports and increasing consumption, indicating wider economic and social change. Different sector structures in the Nordic countries largely explain why there was no clear pattern of catch-up or convergence, neither in the region nor in relation to the Western European leaders. We conclude that the social capability of the Nordic countries to integrate and respond to external influences 1850-1914 must be seen in the perspective of the evolving domestic markets and the prior establishment of market institutions. Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) Norway |
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RePEc (Research Papers in Economics) |
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This article scrutinises the role of structural change and foreign trade in the Nordic countries, except Iceland, in industrialization prior to 1914. Sector contribution to GDP as well as the role of the foreign trade is compared across the countries. The comparison uncovers different paths to industrialization that cannot be explained by reference to received views, such as the shock of free trade or open economy forces. Denmark was not only richer than the rest of the 'Nordic Periphery' but also earlier in industrialization. Furthermore, agriculture had a much neglected role in Swedish catch-up, and despite its relatively large export sector, Norway lagged behind, as did Finland. Economic growth was characterised not only by rising exports but also by capital imports and increasing consumption, indicating wider economic and social change. Different sector structures in the Nordic countries largely explain why there was no clear pattern of catch-up or convergence, neither in the region nor in relation to the Western European leaders. We conclude that the social capability of the Nordic countries to integrate and respond to external influences 1850-1914 must be seen in the perspective of the evolving domestic markets and the prior establishment of market institutions. |
format |
Article in Journal/Newspaper |
author |
Jonas Ljungberg Lennart Sch�n |
spellingShingle |
Jonas Ljungberg Lennart Sch�n Domestic markets and international integration: paths to industrialisation in the Nordic countries |
author_facet |
Jonas Ljungberg Lennart Sch�n |
author_sort |
Jonas Ljungberg |
title |
Domestic markets and international integration: paths to industrialisation in the Nordic countries |
title_short |
Domestic markets and international integration: paths to industrialisation in the Nordic countries |
title_full |
Domestic markets and international integration: paths to industrialisation in the Nordic countries |
title_fullStr |
Domestic markets and international integration: paths to industrialisation in the Nordic countries |
title_full_unstemmed |
Domestic markets and international integration: paths to industrialisation in the Nordic countries |
title_sort |
domestic markets and international integration: paths to industrialisation in the nordic countries |
url |
http://hdl.handle.net/10.1080/03585522.2013.784214 |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://hdl.handle.net/10.1080/03585522.2013.784214 |
_version_ |
1766040623283961856 |