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Trade and Poverty – When the Third World Fell Behind - MIT Press Scholarship Online
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Trade and Poverty: When the Third World Fell Behind

Jeffrey G. Williamson


Today’s wide economic gap between the postindustrial countries of the West and the poorer countries of the third world is not new. Fifty years ago, the world economic order — two hundred years in the making — was already characterized by a vast difference in per capita income between rich and poor countries and by the fact that poor countries exported commodities (agricultural or mineral products) while rich countries exported manufactured products. This book traces the great divergence between the third world and the West to this nexus of trade, commodity specialization, and poverty. Analyzin ... More

Keywords: economic gap, postindustrial countries, third world, world economic order, income, poor countries, commodities, mineral products, rich countries, manufactured products

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780262015158
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262015158.001.0001


Affiliations are at time of print publication.

Jeffrey G. Williamson, author