A Study of Trade Among Developing Countries, 1950-1980: An Appraisal of the Emerging Pattern

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North-Holland, 1988 - Business & Economics - 242 pages
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The accelerated growth of trade among developing countries during the 1970s has attracted both policy and analytical interest. While the latter interest is concerned to explain this phenomenon either in relation to existing theories of trade or through new or special theories, the former interest is concerned with the implications of this trade for global economic welfare and in particular, for the income growth and development prospects of the poorer, underdeveloped regions of the world. This study is an attempt to shed some light, both analytical and empirical, on the emerging pattern of trade among developing countries. The study is divided into two parts. The first examines theories of the pattern of trade, and discusses the main insights regarding the underlying determinants of the pattern of trade among developing countries; while the second assesses empirically the pattern of trade among developing countries in the period since the Second World War, as well as the role of income/output growth and relative prices in the expansion of this trade.

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