ABSTRACT

The chapter provides a set of possible trajectories of the world economy. The investigated trajectories are straightforward expressions of what is generally called the structural change triggered by economic development: it is the accumulation of capital that leads countries into economic environments that are different, at times very different, from the initial one. The trade pattern reversal we see in this chapter are related to the existence of extensive rent and are not related to technical change nor to the existence of produced means of production and their revaluation when distribution changes.