By L.E.Di Marco
ISBN-10: 0122164504
ISBN-13: 9780122164507
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Additional info for International Economics and Development. Essays in Honor of Raúl Prebisch
Sample text
As it was used, it also implied the value premises that their governments should initiate and pursue planned policies for their development and that the governments of the developed countries should assist them. But then diplomacy—of the lower order—entered the field. The term did not seem polite enough and also, more importantly, tended to imply too much of commitments on behalf of the underdeveloped as well as the developed countries' governments. A number of euphemisms, all playing down the dynamic and value-loaded aspect of the earlier used term, entered the field.
Let us proceed to a brief synthesis of the essays included in this part of the book. The paper written by Amano on the stability conditions in the real and monetary models of international trade, considers such conditions as a whole, in contrast to the traditional approach, where different assumptions are established, depending on whether the author refers to problems of pure theory or monetary theory of international trade. Given the basic assumptions of the 43 44 III. THEORETICAL APPROACHES analysis, the paper develops an original model and later compares the stability conditions in the real and monetary models under a system of flexible exchange rates.
The main one was "developing countries," which even tended to play down their state of underdevelopment. This term has now acquired a sort of official status by being used almost exclusively in all documents produced in the United Nations organizations and by all governments when presenting a view or a position. It has also been widely accepted not only in popular but also scientific writings, occasionally substituted by some other euphemism of the same character. The term "developing country" is defective already because it does not state the thought that is pressing for expression: that a country is underdeveloped and should develop.
International Economics and Development. Essays in Honor of Raúl Prebisch by L.E.Di Marco
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