Book contents
- Frontmatter
- Contents
- Preface
- Title in the series
- 1 The Relevance of Ragnar Nurkse and Classical Development Economics
- 2 Life and Time of Ragnar Nurkse
- 3 Nurkse and the Role of Finance in Development Economics
- 4 Early Development Theory from Sun Yat-sen to Ragnar Nurkse
- 5 The Roots of Unequal Exchange: Mihail Manoilescu and the Debate of the 1930s
- 6 Nurkse and the Early Latin American Structuralists: A Reflection on Development Theory, Industrialization and their Relevance Today
- 7 Lewis, the Long Wave and Industrialization in the Periphery
- 8 Ragnar Nurkse and the Law & Economics of Development
- 9 Ragnar Nurkse's Development Theory: Influences and Perceptions
- 10 Nurkse meets Schumpeter: Is Microfinance a ‘Silver Bullet’ to Economic Development?
- 11 Stockpiling of International Reserves and Development: a Misguided Link
- 12 International Currency Experience and the Bretton Woods System: Ragnar Nurkse as Architect
- 13 Some Reflections on Nurkse's Patterns of Trade and Development
- 14 India and Development Economics: External Influences and Internal Responses
- Notes
13 - Some Reflections on Nurkse's Patterns of Trade and Development
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Preface
- Title in the series
- 1 The Relevance of Ragnar Nurkse and Classical Development Economics
- 2 Life and Time of Ragnar Nurkse
- 3 Nurkse and the Role of Finance in Development Economics
- 4 Early Development Theory from Sun Yat-sen to Ragnar Nurkse
- 5 The Roots of Unequal Exchange: Mihail Manoilescu and the Debate of the 1930s
- 6 Nurkse and the Early Latin American Structuralists: A Reflection on Development Theory, Industrialization and their Relevance Today
- 7 Lewis, the Long Wave and Industrialization in the Periphery
- 8 Ragnar Nurkse and the Law & Economics of Development
- 9 Ragnar Nurkse's Development Theory: Influences and Perceptions
- 10 Nurkse meets Schumpeter: Is Microfinance a ‘Silver Bullet’ to Economic Development?
- 11 Stockpiling of International Reserves and Development: a Misguided Link
- 12 International Currency Experience and the Bretton Woods System: Ragnar Nurkse as Architect
- 13 Some Reflections on Nurkse's Patterns of Trade and Development
- 14 India and Development Economics: External Influences and Internal Responses
- Notes
Summary
Introduction
In his Introduction to Equilibrium and Growth in the World Economy: Economic Essays by Ragnar Nurkse, Gottfried Haberler concluded that:
The Wicksell Lectures (7 and 10 April 1959) were Ragnar Nurkse's last words on trade and development. He had evidently spent much care on their preparation. But he was fully aware that he left many loose ends, and he was full of plans for further work. He intended to write a comprehensive volume on trade and development and had started to draft parts. His untimely death (in May 1959) at the age of fifty-two has deprived us of any further help from his fertile mind and wise counsel; it was a grievous loss for economic science as a whole, to say nothing of his many friends. Let us hope, however, that the present collection will stimulate many others to follow the leads which he has given and to explore the lands which his researches have opened. (Haberler and Stern 1961, xii)
We will never know how Nurkse's views of trade and development would have evolved, had he been able to observe the contrasting experiences of developing countries over subsequent years. However, with the benefit of hindsight, we can ask how well the policies and the performances of developing countries corresponded to the expectations that Nurkse laid out in his essay.
- Type
- Chapter
- Information
- Ragnar Nurkse (1907–2007)Classical Development Economics and its Relevance for Today, pp. 283 - 296Publisher: Anthem PressPrint publication year: 2009