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Author Donges, Juergen B. ♦ Hiemenz, Ulrich
Source EconStor
Content type Text
Publisher Institut für Weltwirtschaft (IfW)
File Format PDF
Copyright Year ©1985
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Abstract The purpose of this essay is to re-assess the case of outward- oriented trade regimes in the process of economic development. The nature of outward-orientation is briefly explained in the next section. As developing countries usually start their industrialization through import substitution strategies, the shift from an inward- to an outward-oriented trade regime raises questions concerning the set of economic policies to be reshaped, the timing of the policy reform, and the feasibility of such changes, which all are discussed in the third section. The fourth section provides evidence on successful as well as on unsuccessful liberalization attempts undertaken in the seventies and traces the causes for success or failure by relating the country experiences to the policy framework for export liberalization outlined in the previous section. In the fifth section, the revival of export pessimism is evaluated.
Part of series Kiel Working Paper x241
Learning Resource Type Article
Publisher Date 1985-01-01
Publisher Institution ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel, Hamburg
Publisher Place Kiel
Rights Holder