Differences in property rights create a motive for trade among otherwise identical regions. Two regions with identical technologies, endowments, and preferences will trade if one, the South, has ill-defined property rights on environmental resources. Trade with a region with well-defined...

This paper examines the role of the international market in mediating North-South relations and analyzes how the market works in distributing the gains from trade. It is argued that the international market does not always provide an adequate engine of growth for the South if that region...

Global modeling has evolved remarkably in the last two decdes. Such evolution led it to perform today's role as an experimental laboratory for the social sciences and particularly for application to policy planning

This paper examines the role of the international market in mediating North-South relations and analyzes how the market works in distributing V the gains from trade. It is argued that the international market does not always provide an adequate engine of growth for the South if that region...