progress . The Bretton Woods Institutions (World Bank, IMF, GATT) were based on a post World War II model . They encouraged one … national donations based on taxes, a model that no longer works well . At the same time the globalization of the world economy …

Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s …

-run future, and specify trade-offs between them. It examines other welfare criteria which are generally utilized: discounted …

This chapter focuses on how the lack of property rights in North-South trade of primary resources can distort trade and … threaten the sustainablility of development. This issue is examined within a two-region world economy where one region, the … management of the world's natural resources. There are two significant departures from traditional theory. The first is that one …

works in distributing the gains from trade. It is argued that the international market does not always provide an adequate …-South trade that has been econometrically tested for the trade between Sri Lanka and the UK. The appendix also includes a computer … program for simulating the model and sample computer runs that reproduce, in practical terms, the model trade policies …

vogue after World War II. The theory of comparative advantages of trade, which recommends that developing countries … economic growth with much less environmental degradation. Such an approach should be promoted throughout the world trading …

studying the relationship between international terms of trade and domestic income distributions of the exporting countries … the situation of the underdeveloped world today. I shall discuss the implications of these results about the question of … the transmission of the growth from the North to the South through international markets, both through trade and through …

developing economy, improvements in productivity generally lead to higher agricultural prices, i.e. to better terms of trade … explain the effects of trade and investment policies on domestic output and welfare. Simulations of the model are reported …