Trade Liberalization Sequence for Sustained Economic Growth

Pak-Hung Mo

MPRA Paper from University Library of Munich, Germany

Abstract: This paper delivers a simple model to generalize the successful trade liberalization experiences in East Asian countries as a strategy for attaining inclusive and sustained economic growth. The sequential approach, based on preserving existing production units while liberalizing export-oriented sectors, can be understood as a way to promote international interactions and learning by practice, to extend the limit of market and to introduce market incentive and pressure on all related agents for attaining dynamic efficiency. It provides a regular liberalization sequence to ignite and sustain economic growth for most lagged economies.

Keywords: Trade liberalization; Sustained economic growth (search for similar items in EconPapers)
JEL-codes: F3 F4 O1 O4 (search for similar items in EconPapers)
Date: 2011-01
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28917

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