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Provides evidence on the net barter terms of trade relating to resource-free manufactures of 37 industrialized and developing countries from 1967 to 1987. More favorable term-of-trade developments for high-income countries; Decline in prices of export goods from developing countries; Move into innovative goods by advance developing countries; Diversification efforts.

Empirical studies of the trade and development effects of the major preferential trading schemes between the industrialised countries and the developing countries are surveyed. Most studies find the agreements to be trade creating, improving welfare for the donor, though general equilibrium analysis indicates that terms-of-trade deterioration offsets efficiency gains. There is some evidence that trade preferences stimulate LDC exports of preferred products, but total exports are not significantly affected due to limited product coverage. The existing literature does not provide evidence on the degree of infant industry protection or on economic diversification of the beneficiaries. [ABSTRACT FROM AUTHOR]

Focuses on the selective protection of import-substituting industries in underdeveloped countries. Discussion of technological change and expansion in the export industry; Information on trade union activities; Impact of international trade on national income; Reasons for the disparity between rates of transfer of technological advances pertinent to the export industries.