Professor Akin L. Mabogunje’s paper on this topic,1 which I am assigned to discuss, presents a farreaching thesis on the role of international trade of less-developed countries. In the author’s words (p. 443)

The logical conclusion to which we are drawn is that developing countries have only two development options open to them. One is to continue along existing development paths based on the notion of achieving a pattern and style of consumption similar to that of developed countries. The other is to accept the non-viability of this course of action and to settle down to fashioning a new developmental goal more consistent with their local resource endowment and sociocultural disposition.


International Trade Primary Good Tradable Sector Colonial Power Political Domination 
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  1. 2.
    Ephraim Kleiman, ‘Trade and the Decline of Colonialism’, Institute for International Economic Studies, Seminar Paper No. 49 (July, 1975).Google Scholar
  2. An abbreviated version has appeared under the same title, in the Economic Journal, 86 (September, 1976) pp. 459–490. by Thomas Birnbergand Stephen Resnick, ‘A Model of the Trade and Government Sectors in Colonial Economies’, American Economic Review, LXIII (September, 1973), pp. 572–587.Google Scholar

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© The Nobel Foundation 1977

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  • Michael Michaely

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