Trade Policies for Development

Jagdish N. Bhagwati
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Jagdish N. Bhagwati: Massachusetts Institute of Technology

Chapter 10 in The Gap Between Rich and Poor Nations, 1972, pp 245-269 from Palgrave Macmillan

Abstract: Abstract The division of the world into rich and poor nations is a disturbing phenomenon, which is frequently traced back to the Industrial Revolution. The Industrial Revolution undoubtedly initiated a period of rapid income growth, based largely on the continual accretion of technological innovation (which has now come to be regarded as the primary component of substained economic growth) in a number of countries, spreading out from England in the late 18th century but bypassing a number of countries on the ‘periphery’. But it is an historical fact that such disparities in economic standards of living obtained, between different regions of the world, at a number of different periods of modern history stemming from what Cipolla describes as the Agricultural Revolution of 10,000 years ago when the Mesolithic Age passed away.2

Keywords: Trade Policy; International Flow; Export Performance; Import Substitution; Export Subsidy (search for similar items in EconPapers)
Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15456-2_10

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DOI: 10.1007/978-1-349-15456-2_10

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