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Unprotected resources and voracious world markets: A proof of losses in North-South Trade

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  • Margolis, Michael

Abstract

This paper develops a generalization of Chichilnisky's [Chichilnisky, G., 1994. North-South Trade and the global environment. American Economic Review 84 (4), 851-874.] model of North-South Trade, making use of the dual theory of international trade. The central purpose is to provide rigorous proof of the previously unproven assertion that the South can lose from trade and from price changes that normally constitute terms-of-trade improvements.

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  • Margolis, Michael, 2009. "Unprotected resources and voracious world markets: A proof of losses in North-South Trade," Resource and Energy Economics, Elsevier, vol. 31(1), pages 50-57, January.
    • Handle: RePEc:eee:resene:v:31:y:2009:i:1:p:50-57
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    1. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    2. Jagdish Bhagwati, 1958. "Immiserizing Growth: A Geometrical Note," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(3), pages 201-205.
    3. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(1), pages 11-32.
    4. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    5. A. D. Woodland, 1980. "Direct and Indirect Trade Utility Functions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(5), pages 907-926.
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