Perhaps the story is apocryphal and/or I have confounded my European economists but I believe I remember having heard once upon a time during the Cold War that when Janos Kornai was asked how he could explain the relative abundance of successful Hungarian émigré economists, he replied “Oh we don’t export our best economists”. If the story is true, then certainly one of the Hungarian émigrés implicit in the question was likely to have been Bela Belassa. He attained textbook immortality as a co-parent of the Balassa-Samuelson Effect.
____________________________
The Johns Hopkins University
Department of Political Economy
Spring, 1968
Mr. Balassa
Trade and Economic Development
Bibliography and Reading List
Abbreviations of Books
Books are referred to by author unless otherwise noted.
Balassa, Bela, Trade Prospects for Developing Countries
Ellis, H.S., ed. Economic Development in Latin America
Hicks, J.R., Essays in World Economics
Harrod, Roy, ed., International Trade Theory in a Developing World
Johnson, H.G. I International Trade and Economic Growth
Johnson, H.G. II Money, Trade and Economic Growth
Johnson, H. G. III Economic Policies towards less Developed Countries
Meier, G.M., International Trade and Development
Mikesell, R.F., U.S. Private and Government Investment Abroad
Nurkse, R., Equilibrium and Growth in the World Economy
Pincus, J., Trade, Aid, and Development
Wionczek, M.S., ed. Latin American Integration
Abbreviations of Periodicals
AER American Economic Review
Econ Economica
EDCC Economic Development and Cultural Change
EJ Economic Journal
ER Economic Record
JPE Journal of Political Economy
Ky Kyklos
LBR Lloyds Bank Review
MS Manchester School
Met Metroeconomica
OEP Oxford Economic Papers
QJE Quarterly Journal of Economics
RES Review of Economics and Statistics
RESt Review of Economic Studies
I Foreign Trade and Economic Growth
Meier, ch. 2
Hicks, ch. 4 and Note B
Johnson, II, ch. 4
Johnson, I, ch. 4
Bhagwati, J., “International Trade and Economic Expansion” AER, December 1958
*Mishan, E.J. “The Long-Run Dollar Problem: A Comment” OEP June 1955
*Corden, W.M., “Economic Expansion and International Trade: A Geometric Approach,” OEP June 1956
*Findlay, R. and Grabert, H. “Factor Intensity, Technological Progress and the Terms of Trade,” OEP, February 1959
*Bhagwati, J., “Immiserizing Growth: A Geometrical Note,” RESt, June 1958
*Srinivasan, T.N., “Foreign Trade and Economic Development,” Met, January-August, 1965
II Trade Relations between Developed and Developing Countries: The Controversy
Nurkse, R., ch. 10 I, 11
Prebisch, Raul, “Commercial Policy in the Underdeveloped Countries” AER, May 1959
Pincus, Part II
Seers, Dudley, “A Model of Comparative Growth Rates in the World Economy,” EJ, March 1962
Meier, ch. 7
*Haberler, G., International Trade and Economic Development National Bank of Egypt, Cairo Lectures
*Viner, J., International Trade and Economic Development
*Cairncross, A.K., “International Trade and Economic Development,” Ky 1960 (4)
*Mynt, H., “The Gains from International Trade and to Backward Countries,” RESt, 1954-55
*Flanders, M.J., “Prebisch on Protectionism: An Evaluation,” EJ, June 1964
III Trade Relations between Developed and Developing Countries: The Facts
Balassa, ch. 1, 3, 4
Balassa, “Economic Growth, Trade, and Balance of Payments into Developing Countries”, mimeo, ch. 1, 2
Baer, W., “The Economics of Prebisch and ECLA” EDCC, January 1962, Comment by Flanders and Reply by Baer, ibid April 1964
Massell, B.F., “Export Concentration and Fluctuations in Export Earnings,” AER, March 1964
Morgan, T., “Trends in Terms of Trade, and their Repercussions on Primary Producers,” Harrod, ed. ch. 3
Meier, ch. 3
*Haberler, G., “Terms of Trade and Economic Development,” in Ellis, ch. 10.
*United Nations, International Compensation for Fluctuation in Commodity Trade, New York 1961
*United Nations, World Economic Survey, 1962, part I ch. 2
*Kindleberger, C.P., The Terms of Trade: A European Case Study
IV Trade Relations between Developed and Developing Countries: The Policies
Balassa, B., The Impact of the Industrial Countries’ Tariff Structure on their Imports of Manufactures from less-Developed Areas, Econ. November 1967
Johnson III, ch. 5, 6
Pincus, ch. 6, 7, 9
General Agreement on Tariffs and Trade, Preferences and other Policy Measures to Stimulate Exports of the Developing Countries, Trade Intelligence Paper No. 7, 1966
Swerling, B. Current issues in Commodity Policy, Princeton Essays in International Finance No. 7
*Patterson, G., “Would Tariff Preferences Help Economic Development?” LBR, April 1965
*Johnson, H.G., “Trade Preferences for Developing Countries,” LBR, April 1966
*UNCTAD, The Question of the Granting and Extension of Preferences in Favour of Developing Countries, May 31, 1967
*Wallich, H.C., “Stabilization of Proceeds from Raw Material Exports” in Ellis ed.
*International Monetary Fund, Compensatory Financing of Export Fluctuations
*New Directions for World Trade, Proceedings of a Chatham House Conference, 1964
V Trade Policies in Developing Countries
Chenery, H.B., “Comparative Advantage and Development Policy,” AER May 1961
Hagen, E.E., “An Economic Justification of Protectionism,” QJE November 1958
Mynt, H., “Infant Industry Arguments for Assistance of Industries in the Setting of Dynamic Trade Theory,” Harrod, ch. 7
Balassa, B. and Schydlowsky, D., “Effective Tariffs, the Domestic Cost of Foreign Exchange, and the Equilibrium Exchange Rate,” JPE, April 1958
Corden, W.M., “The Vernon Report,” ER, March 1966
Meier, ch. 6
*Black, J., “Arguments for Tariffs,” OEP June 1959
*Bruno, M., “The Optimal Selection of Export-Promoting and Import-Substituting Projects, Planning the External Sector: Techniques, Problems and Policies United Nations, 1967
*Kemp, M.C., “The Mill-Bastable Infant-Industry Dogma,” JPE, February 1960
*Lewis, W.A., “Economic Development with Unlimited Supplies of Labor,” MS May 1954
*Chenery, H.B. and Bruno, M., “Development Alternatives in an Open Economy: The Case of Israel, EJ, March 1962
*Sheahan, J., “International Specialization and the Concept of Balanced Growth,” QJE, May 1958
VI Economic Integration among Less Developed Countries
Balassa, B., Economic Development and Integration
Balassa, B., “Integration and Resource Allocation in Latin America” mimeo
Mikesell, R.T., “The Theory of Common Markets as Applied to Regional Arrangements among Developing Countries,” Harrod, ch. 9
Massel, B.F. and Cooper, C.A., “Toward a General Theory of Customs Unions for Developing Countries,” JPEOctober 1965
*Wionczek, M.S., “Latin American Free Trade Association,” International Conciliation, January 1965
*Hansen, R.D., Central America: Regional Integration and Economic Development, National Planning Association, 1967
*United Nations Economic Commission for Latin America, The Latin American Common Market, 1959
*Urquidi, V., Free Trade and Economic Integrity in Latin America
VII Capital Needs of Developing Countries and Foreign Aid
Johnson III, ch. 4
Pincus, ch. 8
Chenery, H.B. and Strout, A.M., “Foreign Assistance and Economic Development,” AER September 1966
McKinnon, R., “Foreign Exchange Constraints in Economic Development and Efficient Aid Allocation, EJ June 1954
Pincus, J., “The Cost of Foreign Aid,” RES November 1963
*Little, I.M.D. and Clifford, J.M., International Aid
*Fei, J.C.H. and Paauw, D.S., “Foreign Assistance and Self-Help: A Reappraisal of Development Finance,” RESAugust 1965
*Rosenstein-Rodan, P., “International Aid for Underdeveloped Countries,” RES May 1961
*Vanek, J., Estimating Foreign Resource needs for Economic Development: Theory, Method, and a Case Study of Colombia
VIII Foreign Investment and Economic Development
Nurkse, ch. 7, 10 II
MacDougall, D., “The Benefits and Costs of Private Investment Abroad: A Theoretical Approach, ER March 1960
Singer, M., “the Distribution of Gains between Investing and Borrowing Countries,” AER, May 1950
Alter, G.M., “The Servicing of Foreign Capital Inflows by Underdeveloped Countries,” Ellis, ch. 6
Meier, ch. 5
*Mikesell, Part II
*Avramovic and Gulhati, Debt Servicing Problems of Low Income Countries
*Mikesell, R.F., Public International Lending for Development
*Bernstein, M.D. Foreign Investment in Latin America
Source: Johns Hopkins University. Eisenhower Library, Ferdinand Hamburger, Jr. Archives, Department of Political Economy. Series 5/6. Box 6/1, Folder “Course Outlines and Reading Lists c. 1900, c. 1950, 1963-68”.
Image Source: Portrait of Bela Balassa in the Johns Hopkins University Yearbook, Hullabaloo 1976. Note that the image posted on the Béla Belassa page at the website Alchetron mistakenly uses a photo of Balassa Sándor Erkel Ferenc.