Abstract
A model with two different regions that trade with each other is presented. The South specializes in a resource intensive good while the North specializes in a capital intensive good. The North-South trade and the management of natural resources are modelled in a dynamic way so that sustainable economic growth can be analyzed. The existence of balanced paths that allow sustained growth in the North and permanent growth of consumption in the South without exhausting Southern natural resources is proved. The transitional dynamics to a balanced path is also studied.
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