Trade Orientation and Economic Development: Theory and Evidence

David Greenaway and Wyn Morgan

Chapter 7 in Development Economics and Policy, 1998, pp 113-132 from Palgrave Macmillan

Abstract: Abstract Should developing countries follow an inwardly or outwardly orientated trade policy? A simple question which only has a simple answer to the simple-minded! This is an issue which has taxed at least two generations of development economists. It is also an issue which has taxed the multilateral lending agencies for some time. The belief that outward-orientated policies ‘work’ has had a very considerable influence on the design and implementation of policy conditionality in the IMF and World Bank.

Keywords: Trade Policy; Trade Strategy; Export Growth; Trade Orientation; World Development Report (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26769-9_7

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