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Michael Michaely

A chapter in The International Allocation of Economic Activity, 1977, pp 448-456 from Palgrave Macmillan

Abstract: Abstract Professor Akin L. Mabogunje’s paper on this topic,1 which I am assigned to discuss, presents a farreaching thesis on the role of international trade of less-developed countries. In the author’s words (p. 443) The logical conclusion to which we are drawn is that developing countries have only two development options open to them. One is to continue along existing development paths based on the notion of achieving a pattern and style of consumption similar to that of developed countries. The other is to accept the non-viability of this course of action and to settle down to fashioning a new developmental goal more consistent with their local resource endowment and sociocultural disposition.

Keywords: International Trade; Primary Good; Tradable Sector; Colonial Power; Political Domination (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03196-2_42

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DOI: 10.1007/978-1-349-03196-2_42

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