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By Keith Griffin (auth.)

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Extra info for International Inequality and National Poverty

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This approach is carefully developed in W. M. Corden, The effects of trade on the rate of growth', in J. Bhagwati et a/. ), Trade, Balance of Payments and Growth (Amsterdam: North-Holland, 1971). 23. For a further development of this argument and application to a specific context see Keith Griffin, Underdevelopment in Spanish America (London: Allen and Unwin, 1969). 24. T. Balogh in collaboration with P. Balacs, 'Fact and fancy in international economic relations', World Development (Feb. 1973) p.

Hahn and R. C. 0. Matthews, 'The theory of economic growth: A survey', Economic Journal (Dec. 1t is noteworthy that in this survey article, exceeding a hundred pages, only a quarter of the space was devoted to a discussion of models containing technical progress. Simon Kuznets, on the other hand, observes that 'much of the distinctive substance of modem economic growth' consists of the 'mass application of technological innovations'. See his 'Modem economic growth: Findings and reflections', American Economic Review (June 1973) p.

Furthermore, our theory even permits an improvement in the single factoral terms of trade of underdeveloped countries. e. that the distribution of the gains from trade will tend to move in favour of rich countries. Note, too, that our analysis of unequal exchange has nothing in common with that of A. Emmanuel, Unequal Exchange: A Study of the Imperialism of Trade (New York: Monthly Review Press, 1972). Sanjaya Lall, 'Transfer-pricing by multinational manufacturing firms', Oxford Bulletin of Economics and Statistics (Aug.

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