The experience of East Asia in the 1960s and 1970s supports the theory that greater openness to trade tends to narrow the wage gap between skilled and unskilled workers in developing countries. In Latin...
Does trade with developing countries have a small and benign effect on workers in industrial countries, as most economists have maintained, or a large and adverse effect, as the general public and advocates...
Over the quarter century 1960 - 84 the real exchange rates of oil importing countries on average depreciated substantially relative to those of industrial countries which by contrast appreciated. This...
By the early 1980s, average per capita income of industrialised market economies was about forty times greater than that of low-income countries, signalling not only slow real growth in the latter countries...
This paper summarizes the results of empirical research on changes in the structure of expenditure, production, employment and investment in the course of economic development, with special reference to...