Sweet Business – Quantifying the Value-Added in the British Colonial Sugar Trade in the Eighteenth Century

• There has been a lot of research into the economic contribution of the periphery to European economic development during the early modern era. This paper estimates quantitatively the value-added in the sugar trade from the Caribbean to Britain in the eighteenth century. The trade generated a value equivalent to around one per cent of British GDP by the early eighteenth century, growing to four per cent of GDP a century later. The results show that the sugar trade constituted a dynamic and rapidly growing part of the British economy, most importantly the tertiary sector.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economic History (hsv//eng)

Nyckelord

colonialism

slavery

sugar

value-added

Britain

Publikations- och innehållstyp

ref (ämneskategori)

art (ämneskategori)