Critical Survey |
This is the latest in our series of Critical Survey articles. The aim of the series is to report on recent developments, to provide an assessment of alternative approaches and to suggest lines of further inquiry. The intention is that the articles should be accessible not only to other academic researchers but also to students and others more practically involved in the economy. Recent Survey articles include Ron Martin on ‘The New "Geographical Turn in Economics"’, Sergio Cesaratto on ‘Saving and Economic Growth in Neoclassical Theory’, Ben Fine on ‘Endogenous Growth Theory’ and Sonali Deraniyagala and Ben Fine on ‘New trade theory versus old trade policy: a continuing enigma’
Growth, trade and uneven development
* University of North Carolina-Chapel Hill (William Darity, Jr) and Smith College (Lewis S. Davis)
Address for correspondence: L. S. Davis, Pierce Hall 107, Smith College, Northampton, MA 01063, USA; email: lsdavis{at}smith.edu
Abstract
Theories of growth and international trade are reviewed critically from the perspective of understanding persistent inter-country and inter-regional income inequality. Three separate literatures are considered for the insights they offer about international disparity: Classical political economy, the North–South trade models, and the ‘new’ growth and trade theories that incorporate increasing returns and/or product differentiation. Classical antecedents of the more recent theories are identified, and contrasts are drawn between structuralist and neoclassical approaches to explaining the income gap between rich and poor nations.
Key Words: Growth • International trade • Uneven development • Classical political economy • Increasing returns
JEL classifications: B12, F12, F43, O4
Manuscript received February 22, 1999; final version received April 23, 2004.
CiteULike 
Connotea 
Del.icio.us What's this?
This article has been cited by other articles:
|
|
 |
|
  A. Bhattacharjea Did Kaldor anticipate the New Economic Geography? Yes, but ... Camb. J. Econ., November 18, 2009; (2009) bep069v1. [Abstract] [Full Text] [PDF]
|
|
|
|
|
|
A. V. Mollick, J. R. Faria, P. H. Albuquerque, and M. A. Leon-Ledesma Can globalisation stop the decline in commodities' terms of trade? Camb. J. Econ., September 1, 2008; 32(5): 683 - 701. [Abstract] [Full Text] [PDF]
|
|
|
|
 |
|
 F. Castellacci Technological regimes and sectoral differences in productivity growth Ind. Corp. Change, December 1, 2007; 16(6): 1105 - 1145. [Abstract] [Full Text] [PDF]
|
|