The Adding-Up Problem

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 6 in New Directions in the World Economy, 1989, pp 99-123 from Palgrave Macmillan

Abstract: Abstract The ‘Adding-Up Problem,’ or the ‘Fallacy of Composition,’ has been with us for some time. In presenting the favorable economic results of countries following outward-oriented policies, or advocating the adoption of such policies in other countries, one often encounters the objection: ‘But what would happen if everyone did the same?’ The implicit, or explicit, contention is that there would not be enough markets, or that protectionist reactions would be triggered in the developed world, as a result of the onslaught of exports by the developing countries.

Keywords: Manufacture Product; Employment Effect; Export Surplus; Petroleum Price; Primary Export (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-10588-5_6

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