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Recent trade liberalization in the developing world : What is behind It, and where is it headed?

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  • Recent trade liberalization in the developing world
  • Whalley, John
  • National Bureau of Economic Research


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Title Recent trade liberalization in the developing world
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Sub Title

What is behind It, and where is it headed?

Material Type Reports
Author(English)

Whalley, John

Publisher

Cambridge:National Bureau of Economic Research

Date 1989-08
Series Title; No NBER Working Paper Series / 3057
Pages 55
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Trade
Holding National Bureau of Economic Research

Abstract

This paper documents recent external sector liberalization in developing countries, evaluates what is behind it, and assesses whether it is likely to persist, accelerate or reverse itself. It draws heavily upon material collected during a recent Ford Foundation-supported research project on developing countries and the global trading system (see Whalley (1989)) covering eleven developing countries (Argentina, Brazil, China, Costa Rica, India, Kenya, Mexico, Nigeria, The Philippines, Republic of Korea and Tanzania). Many factors underlie these liberalizations. These include rethinking of the basic approach towards trade policy in a number of countries, with less commitment than earlier to import substitution and more interest in outward-oriented development strategies. Conditionality in World Bank and IMF lending programs appears important in Africa, and in some of the Asian and Latin American countries. In some cases, sector-specific liberalization has also been the result of bilateral pressure from the U.S. and the European Community. (The rest omitted)