The international economic development over the last century was characterised by various kinds of cycles. This article focusses on cyclical changes in the net barter terms of trade between primary products and manufactured goods. By comparing and contrasting the present circumstances with those...

Proponents of the theory of unequal exchange claim that the international division of labour is based on the exploitation of the developing countries by the industrialised countries. But the international division of labour allows the developing countries to import goods which they either could...

El autor intenta dar una explicacion del comportamiento del mercado de capitales en America Latina a la luz de la experiencia de la economia colombiana. Analiza la complementariedad entre el credito y la demanda fisica, la oferta de bienes y el poder monopolista de los agentes. Luego discute los...