CitationDarity, William A., Jr. & Davis, Lewis S. (2005). Growth, Trade and Uneven Development. Cambridge Journal of Economics, 29(1), 141-170.
AbstractTheories 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.
Reference TypeJournal Article
Journal TitleCambridge Journal of Economics
Author(s)Darity, William A., Jr.
Davis, Lewis S.