Change and Challenge in the World Economy pp 403-426 | Cite as
Trends in International Trade in Manufactured Goods and Structural Change in the Industrial Countries
Chapter
Abstract
This essay will examine recent trends in trade in manufactured goods between the industrial and the developing countries and indicate the implications of these trends for structural change in the industrial countries. The essay will cover the 1973–81 period, with consideration given to changes during the 1973–8 and 1978–81 subperiods, each of which began with an oil shock, followed by a world recession.1
Keywords
Industrial Country Income Elasticity Industrial Nation Manufacture Export Commodity Group
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Notes
- 12.For supporting evidence, see B. Balassa, ‘The Tokyo Round and the Developing Countries’, Journal of World Trade Law, XIV (1980) pp. 243–85.Google Scholar
- 18.B. Balassa, ‘Industrial Prospects and Policies in Developed Countries’, in F. Machlup, G. Fels, and H. Muller-Groeling (eds), Reflections on a Troubled World Economy (London: Trade Policy Research Center, 1983) pp. 257–78.CrossRefGoogle Scholar
Copyright information
© The World Bank and Bela Balassa 1985