The aim of this paper is to explore the general macro characteristics of the trading economies that can help us understand the world economy response after OPEC I and OPEC II in terms of the evolution of the North-South terms of trade, rates of profit and output levels. Therefore, we support the...

Like the rest of the poor periphery, Mexico had to deal with de-industrialization forces between 1750 and 1913, those critical 150 years when the economic gap between the industrial core and the primary-product-producing periphery widened to such huge dimensions. Yet, from independence to...