The Impact of Globalization on Income Distribution in the Pre-1914 Atlantic Economy The Heckscher–Ohlin Prediction

Given the intensity of the current debate about the impact of globalization on brain drain in the Third World and inequality in the First World, it might be useful to look at these forces during the first global century, ending in 1914. This paper reviews what we know about the impact of trade and mass migration on low-wage, labor-abundant European economies and high-wage, labor-scarce overseas New World economies.1 It reviews the distribution impact everywhere in the Atlantic economy, the extent of the European brain drain, and the schooling responses in both Europe and the United States