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Stagflation and The Third World

In: Theory and Reality in Development

Author

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  • Wilfred Beckerman

Abstract

It has generally been accepted that the economic prosperity and growth rate of the Third World is heavily dependent on the growth rates in the world’s main industrialised countries taken as a whole.2 This is not surprising given that, even after considerable expansion of intra-trade among non-OECD countries, ‘industrial countries’ absorbed 63.6 per cent of the total exports of non-oil LDCs in the period 1973–80.

Suggested Citation

  • Wilfred Beckerman, 1986. "Stagflation and The Third World," Palgrave Macmillan Books, in: Sanjaya Lall & Frances Stewart (ed.), Theory and Reality in Development, chapter 3, pages 38-57, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-18128-5_3
    DOI: 10.1007/978-1-349-18128-5_3
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