Gains from trade, materials supplies, and economic development.

by Charles Wolf, Jr.

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback20 pages $15.00 $12.00 20% Web Discount

An assessment of the feasibility of the objectives of U.S. economic assistance to underdeveloped countries from the standpoint of their connection with economic development, defined in terms of secularly rising national income. The connection between economic development on the one hand, and, successively, U.S. terms of trade, volume of trade, and materials supplies on the other, is shown to be too uncertain for these to be practical objectives of development aid. Aid directed toward maximizing development will not necessarily maximize trade gains and materials supplies. Maximum development may even reduce U.S. gains from trade with, and U.S. materials supplies from, the underdeveloped countries.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.