This book focuses on the main issues of trade and development, and
on the attainment of the major development goals generally espoused
in the international community: rapid development in the Third
World, sustained economic expansion in the industrial countries and
the eradication of deep inequalities and of extreme poverty. It
consists of four parts. The first three give an overall analysis of
the world economy, with commentary and conclusions on major issues
of trade and development. The fourth part provides the intuitive
basis for the main results within the context of the formal models,
and rigorous proofs are found in the references given to the
technical literature. The analysis is descriptive, focusing on the
particulars of market behaviour and tracing the ways in which
markets respond to policies, in the belief that policies cannot be
viewed in a vacuum, but must be confronted with the responses of
the market. The interplay of domestic policies and international
markets is a main feature of the authors' analysis.
General
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