Trade among Developing Countries: Theory, Policy Issues, and Principal Trends

摘要

The paper presents the early results of empirical work on trade among developing countries. The results, which are preliminary and will be further expanded, are based on data derived from a sample of thirty-three developing countries that account for about 60 percent of developing countries' exports to one another. The main conclusion is that non-fuel trade among developing countries, excluding capital-surplus oil exporters, accounted for a remarkably stable share of their total trade between 1963 and 1977. (Copyright (c) 1981 by The World Bank.)