This study aims at contributing on the literature of unequal economic development in two ways. Firstly, it attempts to make a theoretical contribution regarding some elements that determine the unequal development: the Post Keynesians financial factors and the NeoSchumpeterians and ECLAC-UN...

The theoretical and empirical international trade literature suggests that there is long-term valuation/devaluation of the real exchange rate in the developed/undeveloped economies. We argue that the real exchange rate is affected by: i) intercountry differentials of the services sector...