AN EXERCISE IN WORLDMAKING 2009 - ISS

132 TISKA YUMEIDA
Source: Prichet, Lant (1995)
Lack of convergence and increasing international inequality has begun
to show the spirit of the North-South trade literatures, specifically the
relationship between primary production and growth. The North is the
manufacturing center and the South is the primary product center issued
by Ronald Findlay (DATE), de-industrialization model by Paul Krugman
(DATE), and The North is an innovator and the South is an imitator by
David Dollar (DATE) will explain the inequality of per capita incomes
occurred in the world. Obviously, this is not a case of permanent disadvantage
for the South, but it is a model of permanent asymmetry between
the North and the South. Thus, while the role of each region in
the world economy changes; there is always a “South”. One of the major
issues is the relationship between the monopoly of the North’s power in
trade and movements in terms of trade. The famous Prebisch-Singer hypothesis
has it that the secular deterioration in terms of trade for the developing
countries is due to the the monopoly of the North’s power in
trade. We can see from the implication of trade liberalization agreement
by Northern (developed) countries. Trade liberalization agreements issue
free access to other countries’ market, the South opens its markets for
the North’s products, however at the same time, the North builds a barrier
for the South’s products. Other arguments why there is non-