Four great Asian trade collapses

Alan de Bromhead, Alan Fernihough, Markus Lampe, Kevin Hjortshøj O´Rourke

Publication: Scientific journalJournal articlepeer-review

Abstract

This paper introduces a new dataset of commodity-specific, bilateral import data for four large Asian economies in the interwar period: China, the Dutch East Indies, India and Japan. It uses these data to describe the interwar trade collapses in the economies concerned. These resembled the post-2008 Great Trade Collapse in some respects but not in others: they occurred along the intensive margin, imports of cars were particularly badly affected, and imports of durable goods fell by more than those of non-durables, except in China and India which were rapidly industrialising. On the other hand the import declines were geographically imbalanced, while prices were more important than quantities in driving the overall collapse.
Original languageEnglish
Pages (from-to)159 - 185
JournalAustralian Economics History Review
Volume61
Issue number2
DOIs
Publication statusPublished - 2021

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 502003 Foreign trade
  • 502049 Economic history

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