This book proposes that recognising positive externalities emanating from certain production activity is the key to understanding economic development. Therefore because the production of different goods produces different outcomes and because the markets for these products are finite, an inherent conflict of interests is shown to be at the heart of international trade relationships. These two points are the basis for understanding how different countries have achieved development, where they are heading and how a new generation of industrialising countries is changing the economic landscape. The final conclusion put forward is that competition friendly protectionism carefully applied to rich and very poor countries would temper and improve the outcomes of the globalised economic system.

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