Trade and poverty : when the Third world fell behind / Jeffrey G Williamson

By:

Williamson, Jeffrey G

Material type: Text

TextPublication details: Cambridge : The MIT Press, 2011Description: xi, 301p. 24cmISBN:

9780262015158

Subject(s):

DDC classification:

338.90091724 WIL

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	338.90091724 WIL (Browse shelf(Opens below))	Available		IIMC-132035

Total holds: 0

The book traces the great divergence between the third world and the West to this nexus of trade, commodity specialization, and poverty. The world rapidly became global between the early nineteenth century and World War I, and the global trade boom occurred simultaneously with rising economic divergence between industrial and nonindustrial countries. Analyzing the role of specialization, deindustrialization, and commodity price volatility with econometrics and case studies of India, Ottoman Turkey, and Mexico, Williamson demonstrates why the close correlation between trade and poverty emerged.

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