Reproducing the North – South Divide : The Role of Trade Deficits and Capital Flows

Abstract

The North–South divide can be conceived in several different ways and demarcated along many different dimensions. This essay emphasizes two interrelated aspects of the divide: (1) the gap in economic performance between rich and poor nations and (2) the dependency induced by the transactions that link them. It explores the intertemporal flows and asymmetric… (More)

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