Trade and development in the 1980s
AbstractIn 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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8035.
Date of creation: 1986
Date of revision:
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;
Find related papers by JEL classification:
- F18 - International Economics - - Trade - - - Trade and Environment
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
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