Murshed, S. - In: Open Economies Review 3 (1992) 3, pp. 255-270
The paper presents a three-region macro-economic model of the North, South and NICs. Discriminatory commercial policy … is undertaken by the North against the South and the NICs: a quota is used against the former and a VER against the … South (lower terms of trade), whereas the terms of trade for the NICs could improve, although not necessarily. Copyright …