Stagflation and The Third World
Wilfred Beckerman
Chapter 3 in Theory and Reality in Development, 1986, pp 38-57 from Palgrave Macmillan
Abstract:
Abstract It has generally been accepted that the economic prosperity and growth rate of the Third World is heavily dependent on the growth rates in the world’s main industrialised countries taken as a whole.2 This is not surprising given that, even after considerable expansion of intra-trade among non-OECD countries, ‘industrial countries’ absorbed 63.6 per cent of the total exports of non-oil LDCs in the period 1973–80.
Keywords: Exchange Rate; Industrialise Country; Real Wage; Commodity Price; Import Price (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18128-5_3
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DOI: 10.1007/978-1-349-18128-5_3
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