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
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Notes
For supporting evidence, see B. Balassa, ‘The Tokyo Round and the Developing Countries’, Journal of World Trade Law, XIV (1980) pp. 243–85.
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.
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© 1985 The World Bank and Bela Balassa
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Balassa, B. (1985). Trends in International Trade in Manufactured Goods and Structural Change in the Industrial Countries. In: Change and Challenge in the World Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17991-6_18
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DOI: https://doi.org/10.1007/978-1-349-17991-6_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-17993-0
Online ISBN: 978-1-349-17991-6
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