Uneven Development in Alternative Models of North-South Trade

Abstract

This paper develops a general framework in the form of an underdetermined model in which alternative models of North-South trade and development can be looked upon as providing alternative "closures." Several such models, drawing on neoclassical, neo-Marxian, neo-Keynesian, neo-Kaleckian, and other approaches, are examined and compared to models in the existing North-South literature. The implications of these models for uneven development patterns and long-run changes in the North-South terms of trade are examined.