Is Growth in Developing Countries Beneficial to Developed Countries? |
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Page 8
... period 1980-1992 world merchandise exports grew ( in volume ) by 3.9 percent a year , compared with 2.5 percent growth in world output , i.e. trade grew about 55 percent faster than output ( calculated from GATT , 1993 , p.2 ) . Table 2 ...
... period 1980-1992 world merchandise exports grew ( in volume ) by 3.9 percent a year , compared with 2.5 percent growth in world output , i.e. trade grew about 55 percent faster than output ( calculated from GATT , 1993 , p.2 ) . Table 2 ...
Page 9
... period , reflecting their status as poor , capital - importing countries . While Italy and Korea also had current account deficits at the end of the period , the deficits were proportionately much smaller , as could be expected , and ...
... period , reflecting their status as poor , capital - importing countries . While Italy and Korea also had current account deficits at the end of the period , the deficits were proportionately much smaller , as could be expected , and ...
Page 10
... period . Trade based on factor endowments should therefore have increased on these grounds . However , a paradox arises . The capital - labor ratio probably rose more than fifty percent in the so - called Newly Industrializing Countries ...
... period . Trade based on factor endowments should therefore have increased on these grounds . However , a paradox arises . The capital - labor ratio probably rose more than fifty percent in the so - called Newly Industrializing 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