American divergence

Lost decades and Emancipation collapse in Latin America and the Caribbean 1820-1870

Giovanni Federico, Antonio Tena-Junguito

    Research output: Contribution to journalReview article

    Abstract

    The period 1820-1870, commonly referred to as the "lost decades", is widely regarded as the key moment in the opening of the gap between Latin America and the Unites States. We test this statement with a new export series and some tentative estimates of GDP trends. The overall performance of Latin American countries was quite good, although not outstanding. Mexico was hit by a foreign policy crisis, but the only real losers were the British and French colonies in the Caribbean. The emancipation of slaves caused a collapse in their exports, favoring other tropical countries, including Cuba and Brazil. Further South, independent countries such as Argentine and Chile increased their share of world trade. Overall, most of the divergence during the period 1820-1870 in the Americas was between tropical countries rather than between Latin America and North America.

    Original languageEnglish (US)
    Pages (from-to)185-209
    Number of pages25
    JournalEuropean Review of Economic History
    Volume22
    Issue number2
    DOIs
    StatePublished - May 1 2018

    Fingerprint

    Tropical
    Emancipation
    Latin America
    Divergence
    Latin America and the Caribbean
    Chile
    Cuba
    Slaves
    Foreign Policy
    British Colonies
    French Colonies
    Brazil
    Mexico
    Latin American countries
    Foreign policy
    World trade

    ASJC Scopus subject areas

    • History
    • Economics, Econometrics and Finance (miscellaneous)

    Cite this

    American divergence : Lost decades and Emancipation collapse in Latin America and the Caribbean 1820-1870. / Federico, Giovanni; Tena-Junguito, Antonio.

    In: European Review of Economic History, Vol. 22, No. 2, 01.05.2018, p. 185-209.

    Research output: Contribution to journalReview article

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