This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and...

Global Exchange and Poverty Trade, Investment and Migration Edited by Robert E.B.Lucas Professor of Economics, Boston University, USA Lyn Squire" Past President, Global Development Network, New Delhi, India T.N. Srinivasan Samuel C. Park, Jr. Professor of Economics, Economic Growth Center,...