This paper proposes a stylized (hence very partial) explanation of the experience of those economies which, like the East Asian newly industrializing economies, managed to create an economic take-off, characterized by a rapid expansion of manufactured exports, and to maintain for many years a...

Previous work on this topic brought to light the possibility of a loss in income for the high-wage countries. Our two-country multicommodity Ricardo-Mill model extends this result to the n-good case but also shows the possibility of an offsetting income benefit, accruing to the high-wage...