This book is a synthesis of the author’s ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep...

This important volume brings together seventeen major essays written by A.P. Thirlwall over the last twenty five years in the field of growth and development. Many of these papers make pioneering contributions, such as the author’s formalization of Kaldor’s two-sector growth model, his...

The rapid development of a series of technologically advanced, industrial economies in the post-war period has challenged conventional understandings of economic growth. The emergence of these economies has reinvigorated the long-standing debate about why some countries grow quickly, and reach...