chapter  2
2 Pages

THE STORY OF MUTUALLY BENEFICIAL TRADE

One should not exaggerate the rigidity with which each set of policies is linked to each type of story about the role of trade in development. Utilitarian marginalism is a fairly flexible system of thought, and one is not wanting to say that, in principle, it could not be made to reproduce the pessimistic conclusions of dependency theory, by altering a function here and a time-lag there: only that it usually does not. Again, the structuralists and the dependency theorists are sometimes seen embracing each other’s policies; but this must surely be attributable either to opportunism or to confusion, or to the fact that they share, in some cases, common intellectual origins.