Jeffrey Williamson’s Terms of Trade

Originally published at joefrancis.info Joe Francis Jeffrey Williamson‘s (2011) book Trade and Poverty: When the Third World Fell Behind is one of the most interesting attempts to explain the ‘great divergence’ between rich and poor countries. It is a shame, then, that it is marred by his use of Mickey Mouse numbers. In simplified terms, Williamson argues that […]

Continue Reading