Originally published in 1967, this book examines the major problems of trade and aid policy posed for the developed countries by the UN Conference on Trade and Development in 1964. Johnson surveys the political and economic setting of the Conference; international aspects of economic development; trade policy to promote development; possible new international arrangements for trade in primary products; and the possibilities offered by international monetary reform for benefitting less developed countries. The divergence between the well-being of developed and less-developed countries remains one the key problems of our time and this book is therefore as relevant now as when it was first published.
Table of Contents
1. The Political and Economic Setting 2. International Aspects of Economic Development 3. Policy Obstacles to Development 4. Action Within the Existing Framework 5. Arrangements for Trade in Primary Products 6. Trade Preferences for Manufactured Goods 7. International Monetary Reform 8. The Study in Retrospect Appendices: A. Analysis of Prebisch’s Views on the Terms of Trade B. UNCTAD Principles Governing International Trade C. The Real Value of Concessionary Loans D. Sugar Protectionism and the Export Earnings of Less Developed Countries E. Earnings Response to Price Stabilization F. Stabilizing Effects of a Commodity-Reserve Standard. Text Tables. Appendix Tables.
Harry G. Johnson was Professor of Economics at the University of Chicago.