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Domestic market and international integration: paths to industrialisation in the Nordic countries

Ljungberg, Jonas LU and Schön, Lennart (2013) In Scandinavian Economic History Review 61(2). p.101-121
Abstract
This article scrutinizes 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 characterized not only by rising... (More)
This article scrutinizes 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 characterized 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. (Less)
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author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Convergence, industrialization, structural change, foreign trade
in
Scandinavian Economic History Review
volume
61
issue
2
pages
101 - 121
publisher
Routledge
external identifiers
  • scopus:84879518746
ISSN
0358-5522
DOI
10.1080/03585522.2013.784214
project
Swedish Regional Economic Growth in a European Perspective
language
English
LU publication?
yes
id
bd0a2e59-9249-4d54-8e1f-4264418e6ed3 (old id 3971877)
date added to LUP
2016-04-01 13:36:11
date last changed
2020-11-24 04:24:31
@article{bd0a2e59-9249-4d54-8e1f-4264418e6ed3,
  abstract     = {This article scrutinizes 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 characterized 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.},
  author       = {Ljungberg, Jonas and Schön, Lennart},
  issn         = {0358-5522},
  language     = {eng},
  number       = {2},
  pages        = {101--121},
  publisher    = {Routledge},
  series       = {Scandinavian Economic History Review},
  title        = {Domestic market and international integration: paths to industrialisation in the Nordic countries},
  url          = {http://dx.doi.org/10.1080/03585522.2013.784214},
  doi          = {10.1080/03585522.2013.784214},
  volume       = {61},
  year         = {2013},
}