The twelve papers in this volume provide information on and
analysis of trade flows among developing countries (which are
mostly in the Southern Hemisphere). In the early 1980s the
worldwide recession brought about a slowing of trade among the
South-South countries. Subsequently, given the slower growth of the
developed countries, the authors of these papers believe there is
hope for economic growth, increased trade, and improved balance of
payments in trade among the developing nations. The papers included
here are the result of a research project initiated by the United
Nations Conference on Trade and Development (UNCTAD). This is a
relatively new field, and these papers are a major source of
information. They go beyond the confines of neo-classical theory,
discussing the dynamic role of trade in the development and
industrialization of developing countries.
"South-South Trade" presents a diversity of topics and
approaches. On the supply side, the work is on identifying the
determinants of the shifting comparative advantage over time of
newly industrializing countries (NICs) and their impact on
directions of trade. On the demand side, changes in the global
patterns of income distribution, especially relating to the capital
surplus oil exporting countries supplying the south, are explored.
In manufacturing trade, the changes in organization of production
and trade, including the corporate strategies of transnational
corporations (TNCs), are assessed. Specific papers deal with
agricultural and manufactured products and investment-related
technological services. This work analyzes South-South trade within
the framework of a world undergoing growth and structural change,
where developing countries have attempted to diversify both the
composition and geographical destination of their imports.
General
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