Endogenous NIC-Formation in a North-South Framework.
In a model where initially the North specialises in manufactures and the South in primary products, international investment leads to a rising Northern growth rate. If this rate comes to exceed that of Northern labour growth, a full-employment barrier is reached, pushing up Northern wages. This may lead Northern capitalists to divert some manufacturing production to a favoured part of the South. Additional mechanisms are postulated that allow capitalists in the South to participate in, and possibly dominate, manufacturing accumulation in that region.
Year of publication: |
1993
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Authors: | Mainwaring, Lynn |
Published in: |
Journal of Evolutionary Economics. - Springer. - Vol. 3.1993, 4, p. 317-35
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Publisher: |
Springer |
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