Development of world production and trade up to the year 2000 ? A third world view

Abstract

The implications of this prospect for trade and international transportation are clear. If developing countries are to transform their economy and build up internal capacity for continued self-sustained growth, they will be able to do this only within certain restraints. These are likely to involve a certain decrease either in absolute or relative terms of their participation in world trade and their contribution to international transportation. Such a period of lessening trade will, however, be temporary and will last only whilst the economy is being transformed. Once this phase is passed, a new basis would have been laid for engaging in mutually beneficial international trade instead of the present one-sided exercise in self-flagellation.