This paper presents the early results of empirical work on trade among developing countries. The main conclusion is that non-fuel trade among developing countries, excluding capital surplus oil exporters, remained a remarkably stable share of their total trade between 1963 and 1977. This constancy does, however, conceal two opposing trends: the share of manufactures exported to developing countries has been falling sharply, while that of non-fuel primary commodities has been rising, the latter largely because of the demands of the newly industrializing countries. Four particular points emerge from the evidence: (i) there is no obvious sign of a bias against trade among developing countries except whatever effect their own commercial policies may have; (ii) the more inward-looking countries tend to send a higher proportion of their exports to other developing countries and regional integration strengthens this effect; (iii) exports of manufactures to developing countries are much more capital intensive than those to industrialized countries; and (iv) exports to developing country markets may not be the vital first stage for capital goods exports that is sometimes supposed.
Details
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Author
Havrylyshyn, Oli Wolf, Martin
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Document Date
1982/07/31
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Document Type
Journal Article
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Report Number
REP278
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Volume No
1
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Total Volume(s)
1
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Disclosure Date
2010/07/10
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Disclosure Status
Disclosed
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Doc Name
Recent trends in trade among developing countries
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Keywords
Trade among developing countries; Trade policy; Trends
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Citation
Havrylyshyn, Oli Wolf, Martin
Recent trends in trade among developing countries (English). World Bank reprint series ; no. REP Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/413191467980451097/Recent-trends-in-trade-among-developing-countries