Foreign Trade, Aid and Economic Growth in Less-Developed Countries by Gunnar Floystad. Oslo: Scandinavian University Books, Universitetsforlaget, 1968.

Mohammad Anisur Rahman

Abstract


Gunnar Floystad's Foreign Trade, Aid and Economic Growth is
concerned with the interrelations between foreign trade, foreign aid and
economic growth of a group of less developed countries (LDC) comprising
all of Latin America, Africa, the Middle East and Asia, excluding USSR,
Japan and Mainland China. The book is divided into two parts: Part One
uses a model of trade, aid and growth to deduce a relationship between
GNP, exports and net capital inflows of the LDC. Assuming exports to be
given exogenously and net capital inflows to grow at a constant rate
over time, growth of GNP is projected corresponding to alternative
postulates about growth of exports and growth of net capital inflows via
the simple exponential function, E(t) = M0 [X(t) + B(t)]B, where E, X
and B stand for GNP, exports and net capital inflows respectively, and
M<> is a constant. Part Two analyses in some details the export
prospects for a list of traditional products currently exported from LDC
to developed countries.

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DOI: https://doi.org/10.30541/v8i2pp.307-308

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