The adding up problem

Authors

  • B. BALASSA

DOI:

https://doi.org/10.13133/2037-3643/11110

Keywords:

Growth, developing countries, exports, imports, manufacturing

Abstract

The 'adding up problem' was given professional respectability by Cline (1982). It stated that all developing countries could not attain the same level of performance as the East Asian countries because either the markets of the developed world could not cope with the implied increase in the volume of imports or protectionist measures would not allow them to. The argument is backed by the hypothesis of Lewis (1980) that developing country growth is limited by a fixed relationship between their primary exports and growth in the developed countries. This contradicts the reality (manufacturing exports have assumed the increased importance in recent years) and, the author argues, is wrong.

 

JEL: F43, O11, O14, O53

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Published

2013-11-23

How to Cite

BALASSA, B. (2013). The adding up problem. PSL Quarterly Review, 42(168). https://doi.org/10.13133/2037-3643/11110

Issue

Vol. 42 No. 168 (1989)

Section

Editorial

License

 
 
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