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Trade Policy and Industrialization in Turbulent Times

This volume reviews the experiences of fourteen Latin American, Asian and African countries with trade policy and industrialization in the 1970s and 1980s. Examining how trade policy has been used to promote economic growth in developing countries, the essays employ current theory and empirical methodology to re-examine old controversies. The contributors find that trade policy did not play a major role in growth and development experiences during the last two decades, and that import substitution was a limited and industry-specific phenomenon while industrial growth emanated primarily from exports and expanding domestic demand.

The contributors conclude that there are many routes to industrial expansion and that no universal trade policy prescription exists to generate improved economic performance in all developing countries. Building on earlier theoretical and empirical research on trade policy, this volume is the first comprehensive review of developing country experiences in this area.

Table of contents
  1. 1. Introduction
    Gerald K. Helleiner
  2. 2. Growth and Industrialization Since 1965: A Comparative Study of Fourteen Countries
    Moshe Syrquin
  3. Latin America
    3. Import Compression, Productivity Slowdown and Manufactured Export Dynamism: Brazil, 1975-90
    Winston Fritsch and Gustavo H. B. Franco
  4. Latin America
    4. The Chilean Trade Liberalization and Export Expansion Process 1974-90
    Patricio Meller
  5. Latin America
    5. Trade Policy and Industrialization in Colombia, 1967-91
    José Antonio Ocampo
  6. Latin America
    6. Mexico’s Trade and Industrialization Experience Since 1960: A Reconsideration of Past Policies and Assessment of Current Reforms
    Jaime Ros
  7. Latin America
    7. Trade Policy, Industrialization and Productivity Growth in Peru: An Overview of the 1970s and 1980s
    Carlos E. Paredes
  8. Asia
    8. Trade and Industrialization in Bangladesh: An Assessment
    Sultan Hafeez Rahman
  9. Asia
    9. The Role of Trade Policy in Indian Industrialization
    Isher Judge Ahluwalia
  10. Asia
    10. Trade and Industrialization Policies in Korea: An Overview
    Kwang Suk Kim
  11. Asia
    11. Industrial Restructuring and Performance in Malaysia
    Lim Teck Ghee and Toh Kin Woon
  12. Asia
    12. Trade and Industrial Policies and Experience in Sri Lanka
    Ganeshan Wignaraja
  13. Asia
    13. Trade and Industrialization Policy and Productivity Growth in Thailand
    Narongchai Akrasanee and Paitoon Wiboonchutikula
  14. Asia
    14. Trade and Industrialization in Turkey: Initial Conditions, Policy and Performance in the 1980s
    Merih Celasun
  15. Africa
    15. Trade and Macroeconomic Policies and the Industrialization Experience in Kenya in the 1970s and 1980s
    Francis M. Mwega
  16. Africa
    16. Trade and Industrialization in Tanzania: A Review of Experiences and Issues
    Benno J. Ndulu and Joseph Semboja
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