We empirically characterize the mechanics of trade adjustment during the Argentine crisis. Though imports collapsed by 70 percent from 2000-2002, the entry and exit of firms or products at the country level played a small role. The within-firm churning of imported inputs, however, played a...

Remarkable growth and structural transformation in a number of developing Asian countries in the period after World War II have earned them the reputation for being “models” of successful development. Among the factors that contributed to their success were macroeconomic and regulatory...

This paper studies the trade of China in the past 150 years, starting from the first opening of China after the Opium War. The main purpose of the paper is to identify what is (and was) China's 'normal' level of foreign trade, and how these levels changed under different trade regimes, from 1840...

This paper presents Sanjaya Lall’s biography with a focus on his major scholarly and policy works. It identifies Lall’s globally recognized contributions in the fields of multinationals and development, industrial policy, technological capabilities and methodologies on international...

In this short paper Celso Furtado´s analysis on underdevelopment is examined. The way he articulated income distribution, social classes and productive system in his classical works on Brazilian industrialization seems to be to be very adequate to modern Brazilian economy.

This paper presents a simple model of the world economy, in which productivity gains in manufacturing are responsible for the global trend of manufacturing decline, and yet, in a cross-section of countries, faster productivity gains in manufacturing do not necessarily imply faster declines in...

Innovation is often seen as carried out by highly educated labour in R&D intensive companies with strong ties to leading centers of excellence in the scientific world. Seen from this angle innovation is a typical “first world” activity. There is, however, another way to look at innovation...

This paper studies the effect of knowledge diffusion on the incentives for developed countries(DC)' firms to undertake costly technology transfer to their developing countries(LDC)' suppliers whose cost of production varies inversely with their technological effort. When the incumbent supplier's...

The decline in the importance of tradeable goods production in providing employment has continued in the past decade; distribution, public services and business and financial services all provide more jobs than tradeable goods. Manufacturing output has stagnated under New Labour despite rapid growth...

Se presenta un analisis comparativo del crecimiento de la produccion en Africa y en otras areas del mundo durante el siglo veinte, destacando el deficit educativo como la causa principal del exceso de crecimiento demografico y de la pobreza de la mayoria de los paises africanos. Se presenta...