This paper discusses issues arising from development centred on the satisfaction of basic needs, and more generally, questions of distribution and of North-South relations. A critical review is made of prevalent approaches to development and trade, which are based on economic theories that...

The European north-south divide has been an issue of a long-standing debate. We employ a Global VAR model for 28 developed and developing countries to examine the interaction between the global trade imbalances and their impact within the euro-area framework. The aim is to assess the propagation...