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...

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...

An earlier paper in this journal [Chichilnisky (1981)] formulated a model of North-South trade where the South exports a Labor intensive commodity in exchange for industrial goods. The paper studied moves to new equilibria with higher levels of exports of the South and of industrial demand in...