Policy-Induced Deindustrialization:

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Policy-Induced Deindustrialization: "
Way, Edwin Darlington Hellwig, Timothy

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1114092
Doc. No	:	TLpq2402983607
Main Entry	:	Hellwig, Timothy
	:	Way, Edwin Darlington
Title & Author	:	Policy-Induced Deindustrialization:\ Way, Edwin DarlingtonHellwig, Timothy
College	:	Indiana University
Date	:	2020
student score	:	2020
Degree	:	Ph.D.
Page No	:	320
Abstract	:	This project explores the puzzle of why the Dutch Republic, the world’s wealthiest and most technologically advanced society in the seventeenth century experienced dramatic economic reversals in the eighteenth century even as the rest of Western Europe flourished. A paired comparison of England and the Dutch Republic in the period from the early 1600s to the early 1800s is used to study the causes of long-term secular economic decline. Comparison with England suggests prominent alternative theories, including those focused on geography, imperial over-extension, culture and property rights institutions are inadequate as explanations for why a leading economy might suffer absolute economic decline. This study finds that the Dutch Republic’s anti-industrial trade policies led to sustained absolute decline as the Republic lost dynamic tradable goods industries to interventionist trading partners, most notably Hanoverian England. Virtually alone among societies in Western Europe, the Dutch Republic in the eighteenth century experienced policy-induced deindustrialization, and as a result suffered a declining standard of living, increased inequality and a loss of technological leadership. This project also addresses the puzzle of why Dutch policymakers would remain wedded to counter-developmental trade policies in the face of widely recognized economic decline and in a period when mercantilist trading partners such as England were experiencing impressive gains. Structural transformations brought about by the Netherlands’ anti-industrial policies strengthened the financial and commercial sectors that in the short-term benefited from the policy status quo while weakening the manufacturing sectors that favored policy reform. A paired comparison with the Netherlands suggests scholars of the British industrial revolution should revisit the role of trade policy in shaping the early modern British economy. The contrasting fortunes of the Dutch Republic suggest that England would not have experienced an industrial revolution absent its sustained application of interventionist trade policies.
Subject	:	Development economics
	:	Dutch Republic
	:	England
	:	Industry
	:	Netherlands
	:	Trade policy