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Full Description
First Published in 1979. Development economists, when they discuss the role played by international trade in a country's economic development, tend to tell one of three types of story. The first shows how the welfare of both (and by easy extension, all) countries which engage in trade is increased, even when one country is absolutely very rich and the other is absolutely very poor. The second, is a dull and detailed story about the way in which differences in economic structure between countries bias the gains from trade in favour of the rich, technologically advanced and industrialised economies and against the poor, low-technology agricultural economies. The third story asserts that trade and economic specialisation have actually caused the underdevelopment of the periphery of the world by the very same processes that have developed the capitalist metropolis. This volume brings together nine pieces of work that look trade and the poor economies of Ghana, Nigeria, Mexico, Brazil, Central America, Jute stocks and Third World Trade Trends and prospects.
Contents
INTRODUCTION: THREE STORIES ABOUT TRADE AND POOR ECONOMIES, VENT FOR SURPLUS RECONSIDERED WITH GHANAIAN EVIDENCE, COLONIALISM IN ECONOMIC THEORY: THE EXPERIENCE OF NIGERIA, TRADE CONCENTRATION AND EXPORT INSTABILITY, STRUCTURAL ASPECTS OF THIRD WORLD TRADE: SOME TRENDS AND SOME PROSPECTS, THE EXPORT PERFORMANCE OF MULTINATIONAL CORPORATIONS IN MEXICAN INDUSTRY, OLIGOPOLISTIC TACTICS TO CONTROL MARKETS AND THE GROWTH OF TNCs IN BRAZIL'S ELECTRICAL INDUSTRY, ECONOMIC INTEGRATION AND EXPORT INSTABILITY IN CENTRAL AMERICA: A PORTFOLIO MODEL, SIMULATION ANALYSIS OF AN INTERNATIONAL BUFFER STOCK FOR JUTE
