Is Growth in Developing Countries Beneficial to Developed Countries? |
Common terms and phrases
assumed Beneficial to Developed biased against trade billion capita income capital accumulation capital-labor ratio Center for International constant prices correlated decades decline dislocation economic growth economies of scale emerging markets employment equity investments estimates exports to developing factors of production fluctuations foreign investment foreign trade free trade area gains in income GDP Gap gross world product growth in developing higher income improvement incomes rise increased trade increases in trade industries innovation International Affairs International Energy Agency international trade intra-industry trade investment in developing investments in emerging Japan Korea labor force Latin America levels of income loans low levels manufacturing mb/d Mexico migration NAFTA non-OECD countries OECD countries output pattern percent period political poor countries portfolio rapidly region result returns to scale rich countries risk sector sources of growth substantial Table technical change terms of trade trade liberalization trade with developing United Uruguay Round wage WHFTA workers worsening