Trade and Poverty

Focusing on the historical economic disparities, this book examines the longstanding divide between postindustrial Western nations and poorer countries. It explores how, over two centuries, the global economic order has resulted in significant income inequality, where poorer nations primarily export raw commodities while wealthier nations export manufactured goods. Jeffrey G. Williamson, a prominent economic historian, delves into the connections between trade practices, commodity specialization, and the persistence of poverty in the third world.