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Books > Business & Economics > Economics > International economics > International trade
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The Evolution of the International Economic Order (Paperback)
Loot Price: R1,014
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The Evolution of the International Economic Order (Paperback)
Series: Eliot Janeway Lectures on Historical Economics
Expected to ship within 10 - 15 working days
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Do rich industrial nations underestimate the threat to their
economic stability posed by demands for a new international
economic order? Are the developing countries wrong to assume that
their economic advancement depends on a transfer of wealth from the
richer nations? Sir W. Arthur Lewis's provocative analysis of the
present economic order and its origins suggests that the answer to
both questions is yes. Professor Lewis perceptively illuminates
aspects of recent economic history that have often been overlooked
by observers of international affairs. He asks first how the world
came to be divided into countries exporting manufactures and
countries exporting primary commodities. High agricultural
productivity and a good investment climate allowed countries in
Northwest Europe to industrialize rapidly, while the favorable
terms of trade they enjoyed assured them and the temperate lands to
which Europeans migrated of continuing dominance over the tropical
countries. At the core of the author's argument lies the contention
that as the structure of international trade changes, the tropical
countries move rapidly toward becoming net importers of
agricultural commodities and net exporters of manufactures. Even
so, they continue to depend on the markets of the richer countries
for their growth, and they continue to trade on unfavorable terms.
Both of these disadvantages, he concludes, stem from large
agricultural sectors with low productivity and will disappear only
as the technology of tropical food production is revolutionized.
Originally published in 1978. The Princeton Legacy Library uses the
latest print-on-demand technology to again make available
previously out-of-print books from the distinguished backlist of
Princeton University Press. These editions preserve the original
texts of these important books while presenting them in durable
paperback and hardcover editions. The goal of the Princeton Legacy
Library is to vastly increase access to the rich scholarly heritage
found in the thousands of books published by Princeton University
Press since its founding in 1905.
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