The Case for Trade Liberalization in Developing Countries

Rüdiger Dornbusch

Journal of Economic Perspectives, 1992, vol. 6, issue 1, 69-85

Abstract: This paper reviews the actual situation of protection in developing countries, and then discusses the prospective gains from liberalization. Three experiences with liberalization, from three different parts of the world, are sketched: Turkey, Korea, and Mexico. Next the paper considers what can go wrong with trade reform. Finally, it focuses on two new directions in trade strategy: service trade liberalization and regional free trade agreements.

JEL-codes: F13 O19 (search for similar items in EconPapers)
Date: 1992
Note: DOI: 10.1257/jep.6.1.69
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Citations: View citations in EconPapers (81)

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