ABSTRACT
The scale and the severity of the Great Depression revealed how closely integrated the global economy was in the early twentieth century. This chapter focuses on the spread of the economic crisis, with special attention to the movement of capital and the international monetary system, and the regional case of Asia in which the external shockwave spread beyond the export sector through the regional nexus of trade, migration, and remittances. This approach draws attention to the multiple layers of global connectivity and shows how World War I affected economies in Asia located far from the battlegrounds. The chapter argues for the importance of regional perspectives in understanding global trade and economics during this period.
