This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. Ho...This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. However, this paper argues that the resource curse paradox does not justify isolation between developing and developed countries. On the contrary, developing countries should be encouraged to integrate into the existing center-periphery pattern and achieve economic growth through resource trade. This paper supplements the existing literature＇s analysis of resource endowment＇s role in global trade and offers recommendations for resource-rich developing countries to avoid the resource curse, identify a viable path to development, and achieve sustainable development by harnessing natural resources more productively.展开更多
文摘This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. However, this paper argues that the resource curse paradox does not justify isolation between developing and developed countries. On the contrary, developing countries should be encouraged to integrate into the existing center-periphery pattern and achieve economic growth through resource trade. This paper supplements the existing literature＇s analysis of resource endowment＇s role in global trade and offers recommendations for resource-rich developing countries to avoid the resource curse, identify a viable path to development, and achieve sustainable development by harnessing natural resources more productively.
