Trade Costs and the Two Globalizations: 1827-2012
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On Friday, February 20th, Jules Hugot from Sciences Po (Paris) gave a presentation of his job market paper "Trade Costs and the Two Globalizations: 1827-2012".
There are two main periods of modern era in trade literature: the First Globalization of the 19th century and the post-World War II Globalization. The first period is associated with the development of transportation and communication technologies (steamship and telegraph) and pro-trade policy (like golden standard). However, one of the main contributions of Dr. Hugot’s paper was to show that the first globalization period in Europe started in the 1840’s, much earlier than the previous literature suggested.
Endogenous Trade Policy in the Presence of Lobbying and Heterogeneously Ignorant Voters
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On February 19th, ISET hosted Lasha Chochua from the University of Bielefeld. Mr. Chochua presented the preliminary version of his paper "Endogenous Trade Policy in the Presence of Lobbying and Heterogeneously Ignorant Voters" coauthored with George Papava from the University of Chicago. This was a very exceptional presentation as both Mr. Chochua and Mr. Papava are ISET graduates of the very first, Class 2008.
Before presenting his paper, Mr. Chochua shared his personal experience as an ISET graduate, stating that the two years that he spent here, were the best years of his life in terms of studying and gaining friends.
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