The effects of information communication technology on the terms of trade between north-south countries: a structural economic dynamic approach

Araujo, Ricardo Azevedo and Marangoni, GianDemetrio and Teixeira, Joanílio Rodolpho (2004): The effects of information communication technology on the terms of trade between north-south countries: a structural economic dynamic approach. Published in: International Review of Economics and Business , Vol. LI, No. 2 (June 2004): pp. 193-206.

Abstract

Information Communication Technology has been identified as a major determinant of international competitiveness between nations in recent years, through increased labor productivity. Depending on the choice of techniques, process innovations may also result in increasing differences in income per capita between developed and underdeveloped countries. Following a structural economic dynamic approach, this paper examines the potential impact of Information Communication Technology on the terms of trade between North-South countries and presents two particular scenarios.

• Item Type: MPRA Paper
• Language: English
• Keywords: Information Communication Technology, Terms of Trade, North-South.
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models

References

Acemoglu, D., (2002). Technical Change, Inequality, and the Labor Market. Journal of Economic Literature XL, 7-72.

Amable, B. & Petit, P. (2001). The Diversity of Social Systems of Innovation and Production during the 1990s. CEPREMAP, N°2001-15.

Araujo, R. & Teixeira J., (2004) A Pasinettian Approach to International Economic Relations: The Pure Labour Case. Review of Political Economy, Forthcoming.

Ardeni, G. & Wright, B. (1992). The Prebisch-Singer Hypothesis: A Reappraisal Independent of Stationarity Hypothesis. Economic Journal, July, 803--812.

Bruton, H. (1998). A Reconsideration of Import Substitution. Journal of Economic Literature XXXVI, 903--936.

Dutt, A. (1990). Growth, Distribution, and Uneven Development. Cambridge University Press, Cambridge.

Dutt, A. (1996). Southern Primary Exports, Technological Change and Uneven Development. Cambridge Journal of Economics 20, 73--89.

Edwards, S. (1993). Openness, Trade Liberalization, and Growth in Developing Countries. Journal of Economic Literature XXXI, 1358--1393.

Gordon, R., (2000). Does the ‘New Economy’ Measure up to the Great Inventions of the Past? Journal of Economic Perspectives 14, 49--74.

Harrod, R. (1948). Towards a Dynamic Economics. London: Macmillan.

Hummels, D., Ishii, L. & Yi, K. (2001). The Nature and Growth of Vertical Specialisation in World Trade. Journal of International Economics 54, 75--96.

Hrynyshyn, D. (2002). Technology and Globalization. Studies in Political Economy 67, 83-106.

Jorgenson D. & Stiroh K. (2000). Raising the Speed Limit: U.S. Economic Growth in the Information Age. Brooking Papers on Economic Activity, I, 125--235.

Marx, K. (1992). The Poverty of Philosophy. New York: International Publishers.

Oda, S. (1999). Trade in Capital Goods Generated by International Diffusion of Technology. Structural Change and Economic Dynamics 10, 195--208.

Pasinetti, L. (1981). Structural Change and Economic Growth – A Theoretical Essay on the Dynamics of the Wealth of the Nations. Cambridge: Cambridge University Press.

Pasinetti, L. (1993). Structural Economic Dynamics – A Theory of the Economic Consequences of Human Learning. Cambridge: Cambridge University Press.

Prebisch, R. (1950). The Economic Development of Latin America and its Principal Problems, New York: ECLA

Prebisch, R. (1959). Commercial Policy in Underdeveloped Countries”, American Economic Review, Paper and Proceedings, 49(2), 251--73.

Prebisch, R. (1963). Towards a Dynamic Development Policy for Latin American, New York: United Nations.

Singer, H. (1950). “The Distribution of Gains between Investing and Borrowing Countries”, American Economic Review XL, 2, 473--85.

Sivanandan, A. (1997). Capitalism, Globalization and Epochal Shifts: Exchange. Monthly Review 48/9.

Tinbergen, J. (1975). Income Differences: Recent Research. Amsterdan: North-Holland.