Perspectives on Trade and Development

Front Cover
University of Chicago Press, Apr 17, 1990 - Business & Economics - 385 pages
Developing countries typically have wage rates that are a small fraction of those in developed countries. Trade theories traditionally attributed this difference to two factors: the relative abundance of the labor supply in the two countries and the relative value of the goods produced. These factors, however, inadequately explain the full differential in almost every comparison of developed and developing countries since the second World War.

Providing an important and original perspective for understanding both the development process and policies aimed at raising the standard of living in poorer nations, Perspectives on Trade and Development gathers sixteen of Anne O. Krueger's most important essays on international trade and development economics. Her essays discuss the relationships between trade strategies and development; the links between factor endowments, developing countries' policies, and trade strategies in terms of their growth; the role of economic policy in development; and the international economic environment in which development efforts are taking place. Her analyses are extended to trade and development policies generally, and account for a substantial part of the residue unexplained by past theories. This insightful contribution by an influential scholar will be essential reading for all scholars of trade and development.
 

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Contents

Many Countries
11
Comparative Advantage and Development Policy
49
Differences among Countries
73
and Development
103
The Political Economy of the RentSeeking
131
Objectives in Stabilization Programs
153
Problems of Liberalization
183
The International Environment for Development
275
Aspects of Capital Flows between Developing
306
Development Thought and Development
332
The Developing Countries Role in
360
Index
377
Copyright

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About the author (1990)

Anne O. Krueger is chair of arts and sciences and director of the Center for International Economics at Duke University. She is the author or co-editor of five books by the University of Chicago Press, including three volumes of the Trade and Employment in Developing Countries series.

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