Commerce and Conflict: New Data about the Great War

@article{Gowa2015CommerceAC,
  title={Commerce and Conflict: New Data about the Great War},
  author={Joanne S. Gowa and Raymond Hicks},
  journal={British Journal of Political Science},
  year={2015},
  volume={47},
  pages={653 - 674}
}
The First World War is often cited as proof par excellence of the flaws in the liberal peace argument because the adversaries it engaged had been each other’s major pre-war trading partners. Although commonly assumed to have wreaked havoc on the trade of the states it engaged, the war’s impact on commerce has rarely been rigorously examined. Using an original dataset, this study shows that the Great War triggered substitution processes that reduced its trade-related costs. Although recourse to… 
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