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| Author: | Rossini, G. Burattoni, M. |
| Title: | Trade and convergence between rich and developing countries: some empirical evidence on macrodeterminants of specialization |
| Journal: | Weltwirtschaftliches Archiv
1996 : VOL. 132:1, p. 75-96 |
| Index terms: | TRADE DEVELOPING COUNTRIES SPECIALIZATION |
| Language: | eng |
| Abstract: | For many years, economists have been wondering whether less developed countries (LDCs) were going to benefit from trade or be strongly hurt. From the immiserizing growth theory to unequal exchange, to infant industry protection there has been a sort of maintained wisdom that LDCs should be somehow protected and that free trade should not be thought to be necessarily a vehicle to prosperity. In addition to that, the existence of many forms of imperfect competition has been deemed to be a serious hurdle to the attainment of the beneficial effects usually expected from free trade. |
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