Download Trade, Reputation, and Child Labor in Twentieth-Century by E. Goldberg PDF
By E. Goldberg
The normal knowledge that political and monetary actors in colonial international locations are passive and reactive is undermined by way of Goldberg's shut exam of the selections and calculations of major political and monetary actors. Goldberg indicates how serious judgements affecting Egypt's integration into the realm economic system have been according to transparent understandings of what regulations have been probably to develop the pursuits of best curiosity teams, with effects that proceed to bedevil Egypt's political economic system this present day. it is a story of paradoxes and unintentional results of rational motion.
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Extra info for Trade, Reputation, and Child Labor in Twentieth-Century Egypt
Sample text
As early as 1930 the expectation that economic growth could occur through Ricardian trade became suspect and landowners themselves began to consider industrialization as a cure for the problem of aggregate demand. The Depression itself destroyed, over a decade, the promise that the old trade relationship could be restored both by its length and by the transformations that occurred in Great Britain. From 1930 until 1952, Egyptian economists debated theories and policy implications at the same time that the domestic political coalitions underwent significant change.
Although the presence of British troops on Egyptian soil and British officials in key government roles for the first third of the twentieth century is undeniable, much of what I discuss later occurred apart from the strategic power of the British. As I shall show in some detail in this chapter and chapter 4 similar regulatory schemes and decisions about the investment of public and private resources occurred elsewhere as responses to market integration. More responsive state structures in Egypt after formal independence made investments in areas other than reputation easier but the institutions and people involved were already in place by 1912 and continued to play crucial (and often the same) roles until the mid-1930s.
Brazilian coffee growers, plantation owners in the American South (and cotton farmers in India), and Australian cattlemen all made different investment choices and none developed a reputation for quality. To invest in quality required the producers, who were often quite numerous, to know the precise dimensions desired by consumers. Because quality conveys information and provides a trigger mechanism, producers must know what qualities are desirable. Backwardness neither promoted nor constrained the development of strategies for investment in quality.