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TRADE DEVELOPMENT & FOREIGN DEBT Volume 2 - Rights Reverted: A History of Theories of Polarisation and Convergence in the International Economy

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TRADE DEVELOPMENT & FOREIGN DEBT Volume 2 - Rights Reverted: A History of Theories of Polarisation and Convergence in the International Economy image
ISBN-10:

0745305776

ISBN-13:

9780745305776

Author(s): HUDSON, MICHAEL
Released: Nov 20, 1992
Publisher: Pluto Press
Format: Hardcover, 120 pages
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Description:

An alternative history of the major theoretical concepts that have shaped international economics since mercantilist times. It shows that the policies of laissez-faire and free trade adopted by institutions such as the World Bank and the IMF have had a devastating effect on developing countries, leading to greater polarisation rather than to convergence. The author's analysis demonstrates the importance of debunking economic orthodoxy and reassessing instead the value of protectionist and structuralist approaches to trade and development.

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