Facchini, Anna Maria Mayda, and Prachi Mishra VII ECONOMIES IN DEVELOPMENT 26 Global Income Inequality in

Adjustments and Balance-of-Payments Disequilibrium Chapter 24 National Income and the Current Account

1940s to 1980, India's per capita income grew at an average annual rate of only two percent

(gsm) on income, employment and transaction cost in Nigeria Bakare A. S. and Gold Kafilah 'Lola

labor income everywhere, ultimately resulting in the global financial crisis. Under Deng Xiaoping

comparative advantage : the Ricardian model -- Specific factors and income distribution -- Resources and trade

International Trade a Substitute for Migration? -- Specific Factors: Trade and the Distribution of Income in the

arrangements 12. International trade and economic growth 13. National income accounting and the balance of

productivity and comparative advantage : the ricardian model -- Specific factors and income distribution

goods, the correction of global externalities and the reduction of the per capita income gap among

Exchange Rates. 17: The Income Adjustment Mechanism and Synthesis of Automatic Adjustments. 18: Open

the Rebalancing 183 * Some Predictions 185 * The Global Impact 191 APPENDIX Does income equality lead