commodities (agricultural or mineral products) while rich countries exported manufactured products. In Trade and Poverty, leading … trade, commodity specialization, and poverty. The world rapidly became global between the early nineteenth century and World … War I, and the global trade boom occurred simultaneously with rising economic divergence between industrial and …

commodities (agricultural or mineral products) while rich countries exported manufactured products. In Trade and Poverty, leading … trade, commodity specialization, and poverty. The world rapidly became global between the early nineteenth century and World … War I, and the global trade boom occurred simultaneously with rising economic divergence between industrial and …

Does trade raise growth rates of commodity exporters less than those of industrial goods exporters? Do industrial … countries gain more from trade? Do world trade booms over the past two centuries help account for the widening gap between rich …, and the answer is yes to all three. World trade booms have always been associated with commodity price booms and thus with …