International Trade and the Developing Countries

  • H. Myint
Part of the International Economic Association Series book series (IEA)


There has been a spate of discussion on the future of international economic relations between the developed and the underdeveloped countries, following the first United Nations Conference on Trade and Development.1 In this paper, we shall consider some of the broader theoretical issues arising out of these discussions. Since these issues are deeply rooted in the traditional free-trade versus protection controversy, they can be most clearly brought out by reformulating the old controversy in the new setting.


Foreign Exchange Capital Good Import Substitution Underdeveloped Country Infant Industry 
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  1. R. Nurkse, Equilibrium and Growth in the World Economy (Harvard University Press, 1962), ch. 10, p. 270.Google Scholar

Copyright information

© The International Economic Association 1969

Authors and Affiliations

  • H. Myint
    • 1
  1. 1.London School of EconomicsUK

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