This paper develops a model of trade, with monopolistic competition, between a raw material rich less developed country (LDC) and a technically advanced developed country (DC). It turns out that while many of the neoclassical conclusions regarding the effects of technical progress and tariffs on...

The demand of industrialized countries for a multilateral agreement on investment to be negotiated under the roof of the WTO is meeting with considerable resistance on the part of developing countries. The proponents of such a multilateral agreement argue that binding disciplines of...