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| | UT-ECIPA-MUNRO5-98-02 (Site not responding. Last check: 2007-10-21) |
 | | Most of these northern textile producers had been sending the bulk of their exports as price-takers', in the form of cheap, coarse, light, undifferentiated textiles, to the Mediterranean, where warm climates, mass urban markets, and -- during the 12th and 13th centuries -- low transaction costs had made such exports from north-west Europe profitable. |
 | | For reasons explored elsewhere, by the 1340s, some Flemish and Brabantine towns had adjusted to this crisis by shifting production, as `price-makers', to very high-priced highly differentiated luxury woollens, which could better bear these rising transaction costs. |
 | | From the 1360s, English cloth manufacturers pursued this same route, while enjoying a virtual monopoly on very high quality wools, and the protection of high export taxes on those wools to overseas competitors producing luxury woollens. |
| www.chass.utoronto.ca /ecipa/archive/UT-ECIPA-MUNRO-98-02.html (202 words) |
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