Tariffs, foreign capital and immiserizing growth

For a small tariff-imposing country, within the standard two-commodity two-factor model of international trade, this paper reconsiders the implications of an inflow of capital from abroad. When the host country continues to import the capital-intensive good while remaining incompletely specialized, the analysis shows that the capital inflow must reduce host-country welfare, assuming that the foreign capital receives the full (untaxed) value of its marginal product. Under other circumstances considered, however, the inflow may have different consequences for welfare

Handmaiden in distress World trade in the 1980s

SIGLEAvailable from British Library Document Supply Centre- DSC:86/07343(Handmaiden) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Marcelo Diamand's contributions to economic theory: through the lenses of the classical-keynesian approach. A formal representation of unbalanced productive structures

We examine both conceptually and in formal terms the contributions by the structuralist economist Marcelo Diamand, which all turn round the notion of unbalanced productive structure, and its implications on income distribution, the general price level and output dynamics in Latin American countries, with special focus on Argentina. We argue that Diamand´s work provides a very useful framework to understand why institutionally-historically-determined real wage and real exchange rates may, on the one hand, explain the relatively low productivity of the industrial sector and, on the other hand, cause devaluations to be both inflationary and contractionary, as it has been the case in many Latin American countries that attempted to initiate an industrialization process by import substitution.Fil: Dvoskin, Ariel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Económicas; ArgentinaFil: Feldman, Germán David. Universidad Nacional de San Martín. Instituto de Altos Estudios Sociales; Argentin

The international context for industrialisation in the coming decade

Focuses on the aspects of changing international climate including restricted market access, radical electronics-based technical change, structured adjustment programs and increased military expenditures in newly industrialized countries. Factors contributing to the expansion of global trade; Effects of protectionism on exports; Reason for the economic benefits of utilization of electronics-based automation technologies in innovating firms