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Trade and development in the 1980s

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  • Chichilnisky, Graciela

Abstract

In international circles, the concern of the day is the state of the world economy. There is a general appreciation of the severity of the problem, but no widespread agreement about either diagnosis or solutions. We shall focus here on a particular set of topics that have emerged as major issues during the last decade, and that also seem central to an understanding of the present economic situation. A characteristic of these topics is that they link international and domestic policy areas in so integral a way that neither can be analyzed in isolation from the other. They are: First, the recurrence of recession and unemployment in industrial countries, and the emergence of protectionism. Second, the changing international environment facing the developing countries and, in particular, the issues of export-led strategies and North-South trade in armaments. Third, the pricing of exhaustible resources, including oil, as a major issue in North-South trade, and in the international financial system. Fourth, the role of declining transfers of wealth from industrial to developing countries, and the perceived limitations of the existing international financial institutions.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8035.

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Date of creation: 1986
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Handle: RePEc:pra:mprapa:8035

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Keywords: world economy; domestic policy; recession; unemployment; protectionism; armaments; north-south trade; international trade; exhaustible resources; finite resources; natural resources; wealth transfer; industrialization; development; financial institutions; IMF; OECD; GNP; UN; energy; environment; trade;

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References

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  1. Streeten, Paul & Burki, Shahid Javed, 1978. "Basic needs: Some issues," World Development, Elsevier, Elsevier, vol. 6(3), pages 411-421, March.
  2. G. Chichilnisky & Geoffrey M. Heal, 1983. "Monetary Policies with Increasing Returns," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 662, Cowles Foundation for Research in Economics, Yale University.
  3. Chichilnisky, Graciela, 1981. "Terms of trade and domestic distribution : Export-led growth with abundant labour," Journal of Development Economics, Elsevier, Elsevier, vol. 8(2), pages 163-192, April.
  4. Chichilnisky, Graciela & Heal, Geoffrey, 1993. "Energy-Capital Substitution: A General Equilibrium Analysis," MPRA Paper 8329, University Library of Munich, Germany.
  5. Leontief, Wassily, 1977. "The future of the world economy+," Socio-Economic Planning Sciences, Elsevier, Elsevier, vol. 11(3), pages 171-182.
  6. Bailey, Elizabeth E & Friedlaender, Ann F, 1982. "Market Structure and Multiproduct Industries," Journal of Economic Literature, American Economic Association, vol. 20(3), pages 1024-48, September.
  7. Chichilnisky, Graciela, 1988. "Resources and North-South trade: a macro analysis in open economies," MPRA Paper 8120, University Library of Munich, Germany.
  8. Chichilnisky, Graciela, 1980. "Basic goods, the effects of commodity transfers and the international economic order," Journal of Development Economics, Elsevier, Elsevier, vol. 7(4), pages 505-519, December.
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