Book contents
- Frontmatter
- Contents
- Preface
- Introduction
- Ragnar Nurkse: Trade and Development
- 1 Causes and Effects of Capital Movements (1934)
- 2 The Schematic Representation of the Structure of Production (1935)
- 3 Conditions of International Monetary Equilibrium (1945)
- 4 Domestic and International Equilibrium (1947)
- 5 International Monetary Policy and the Search for Economic Stability (1947)
- 6 Growth in Underdeveloped Countries (1952)
- 7 Problems of Capital Formation in Underdeveloped Countries (1953)
- 8 Period Analysis and Inventory Cycles (1954)
- 9 A New Look at the Dollar Problem and the United States Balance of Payments (1954)
- 10 International Investment To-day in the Light of Nineteenth-Century Experience (1954)
- 11 The Relation between Home Investment and External Balance in the Light of British Experience, 1945–1955 (1956)
- 12 Reflections on India's Development Plan (1957)
- 13 Balanced and Unbalanced Growth (1957)
- 14 International Trade Theory and Development Policy (1957)
- 15 Trade Fluctuations and Buffer Policies of Low-income Countries (1958)
- 16 Patterns of Trade and Development (1959)
- Notes
- Bibliography
16 - Patterns of Trade and Development (1959)
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Preface
- Introduction
- Ragnar Nurkse: Trade and Development
- 1 Causes and Effects of Capital Movements (1934)
- 2 The Schematic Representation of the Structure of Production (1935)
- 3 Conditions of International Monetary Equilibrium (1945)
- 4 Domestic and International Equilibrium (1947)
- 5 International Monetary Policy and the Search for Economic Stability (1947)
- 6 Growth in Underdeveloped Countries (1952)
- 7 Problems of Capital Formation in Underdeveloped Countries (1953)
- 8 Period Analysis and Inventory Cycles (1954)
- 9 A New Look at the Dollar Problem and the United States Balance of Payments (1954)
- 10 International Investment To-day in the Light of Nineteenth-Century Experience (1954)
- 11 The Relation between Home Investment and External Balance in the Light of British Experience, 1945–1955 (1956)
- 12 Reflections on India's Development Plan (1957)
- 13 Balanced and Unbalanced Growth (1957)
- 14 International Trade Theory and Development Policy (1957)
- 15 Trade Fluctuations and Buffer Policies of Low-income Countries (1958)
- 16 Patterns of Trade and Development (1959)
- Notes
- Bibliography
Summary
Contrasting Trends in Nineteenth and Twentieth Century World Trade
In the Western world today some widely accepted doctrines of trade and development are still to a large extent influenced by the experience of the nineteenth century. It is inevitable that economic thought should lag behind the facts of economic history. Even economists are human; our mental activity is, and indeed should be, shaped in some measure by limits set by experience. When conditions change, however, conceptions and preconceptions derived from earlier experience can become a shell that inhibits the development of thought as well as action. Thus the nineteenth-century model of world trade is one which many of us still tend to carry in our minds as something like the normal or ideal. As it recedes in time, it appears more and more clearly to have been the product of very peculiar circumstances. We economists should always be ready to adapt the framework of our thinking if our work is to have relevance to the changing real world. It is in this spirit, and with these preoccupations as a motive force, that I venture to attempt a comparative sketch of long-term trends in international trade.
Trade Expansion and the Transmission of Economic Growth
The volume of world trade reached an all-time record level in 1957, but this is not surprising since nearly everything is bigger now than ever before.
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- Ragnar NurkseTrade and Development, pp. 397 - 434Publisher: Anthem PressPrint publication year: 2009
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