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- W2491612278 abstract "The original seafaring nations of Spain, Portugal, and Italy were able to monopolize their established trade routes between Europe and Asia. These seafaring nations with a sufficiently powerful military force to protect their nautical supply chains could grow from expanded diversity of trade itself. Without the same ready access to these trade routes, an industrial nation like Britain could fuel economic growth only by expanding the hinterland of resource markets and the market for their final goods. Their hinterlands had to grow in proportion to their increased productive capacity. If hinterlands could not continue to grow, or if productive capacity could not ratchet up accordingly, a nation had to rely on more coercive terms of trade to fuel expansion." @default.
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- W2491612278 date "2010-01-01" @default.
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- W2491612278 title "A Declaration of Economic Independence" @default.
- W2491612278 doi "https://doi.org/10.1057/9780230297074_7" @default.
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