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International Trade Theory and Development Policy

In: Economic Development for Latin America

Author

Listed:
  • Ragnar Nurkse

    (Columbia University)

Abstract

The case for international specialization is firmly based on considerations of economic efficiency. The world is not rich enough to be able to despise efficiency. The optimum pattern of specialization is governed by the principle of comparative advantage. This principle remains as valid today as it was in Ricardo’s time. And yet there is some question whether it alone can give all the guidance needed by countries whose dominant and deliberate aim is economic development (that is, increasing real income per capita).

Suggested Citation

  • Ragnar Nurkse, 1961. "International Trade Theory and Development Policy," International Economic Association Series, in: Howard S. Ellis (ed.), Economic Development for Latin America, chapter 0, pages 234-274, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08449-4_9
    DOI: 10.1007/978-1-349-08449-4_9
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    Citations

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    Cited by:

    1. Rodríguez, Octavio, 1977. "On the conception of the centre-periphery system," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), June.
    2. Nicolas Grinberg, 2023. "From the British to the Chinese Periphery: Capital Accumulation Through Primary-Commodity Production in Australia and Argentina," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(2), pages 288-323, June.
    3. Rekiso, Zinabu Samaro, 2020. "Trade deficits as development deficits: Case of Ethiopia," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 344-353.
    4. Iglesias, Enrique V., 1977. "Address delivered by the Executive Secretary of ECLAC at the Seventeenth Session of the Economic Commission for Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), June.
    5. Irwin, Douglas A., 2021. "The rise and fall of import substitution," World Development, Elsevier, vol. 139(C).
    6. Mauro Boianovsky, 2011. "Furtado and the structuralist-monetarist debate on economic stabilization in Latin America," Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] 004, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    7. Waldheim, Kurt, 1977. "Address delivered by the Secretary-General of the United Nations, Kurt Waldheim at the Seventeenth Session of the Economic Commission for Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), June.

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