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| Author: | Prat, M. |
| Title: | Between the firm and the market: An international comparison of the commercial structures of the cotton industry (18201939) |
| Journal: | Business history
2009 : MAR, VOL. 51:2 p. 181-201 |
| Index terms: | commercialization Europe USA Japan exporting production integration |
| Language: | eng |
| Abstract: | This paper describes the ways in which cotton goods were commercialized during the 19th century and the first third of the 20th. Numerous national cases are analyzed: Britain as the Workshop of the World; France, Germany, Switzerland and the US as core economies; Italy and Spain as countries on the European periphery; and Japan as a successful export latecomer. The main question that is addressed is why some cotton industries vertically integrated their production and selling processes, but others did not. The paper proposes a model that combines industrial district size and product differentiation to explain why vertical integration was present in most cases and why there was vertical specialization of production and selling in Lancashire, Lowell and Japan. |
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