Bhattacharya, Jayati; Raychaudhuri, Ajitava - In: The Journal of International Trade & Economic Development 13 (2004) 1, pp. 23-56
The purpose of this paper is to study the long run evolution of a world economy (divided into a North and a South) and to re-evaluate some conventional ideas regarding the inter-relation between the two economies. Here, a technologically backward South adopts the Northern technology by importing...