Sanford School of Public Policy
Duke University
Publications [#289203] of William A. Darity
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- Darity, W. "Growth, trade and uneven development." Cambridge Journal of Economics 29.1 (January, 2005): 141-170. [doi]
(last updated on 2024/04/17)Abstract:
Theories of growth and international trade are reviewed critically from the perspective of understanding persistent inter-country and inter-regional income inequality. Three separate literatures are considered for the insights they offer about international disparity: Classical political economy, the North-South trade models, and the 'new' growth and trade theories that incorporate increasing returns and/or product differentiation. Classical antecedents of the more recent theories are identified, and contrasts are drawn between structuralist and neoclassical approaches to explaining the income gap between rich and poor nations. © Cambridge Political Economy Society 2005; all rights reserved.