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The Evolution of the International Economic Order (The Eliot Janeway Lectures on Historical Economics in Honor of Joseph Schumpeter) by William Arthur Lewis is a book available to read on EtoBox.

What is The Evolution of the International Economic Order (The Eliot Janeway Lectures on Historical Economics in Honor of Joseph Schumpeter) about?

Do rich industrial nations underestimate the threat to their economic stability posed by demands for a new international economic order? Are the developing countries wrong to assume that their economic advancement depends on a transfer of wealth from the richer nations? Sir W. Arthur Lewis's provocative analysis of the present economic order and its origins suggests that the answer to both questions is yes.Professor Lewis perceptively illuminates aspects of recent economic history that have often been overlooked by observers of international affairs. He asks first how the world came to be divided into countries exporting manufactures and countries exporting primary commodities. High agricultural productivity and a good investment climate allowed countries in Northwest Europe to industrialize rapidly, while the favorable terms of trade they enjoyed assured them and the temperate lands to which Europeans migrated of continuing dominance over the tropical countries. At the core of the author's argument lies the contention that as the structure of international trade changes, the tropical countries move rapidly toward becoming net importers of agricultural commodities and net exporters

Author

William Arthur Lewis

Publisher

Princeton: Princeton University Press

Published

1978

Language

EN

ISBN

9780691003603

Subjects

Economics, Business