EconPapers    
Economics at your fingertips  
 

Economic Growth, Export, and External Debt Causality: The Case of Asian Countries

Masood Qazi (), Mohammad Sabihuddin Butt and Shaista Alam
Additional contact information
Mohammad Sabihuddin Butt: Applied Economics Research Centre, University of Karachi.

The Pakistan Development Review, 2000, vol. 39, issue 4, 591-608

Abstract: The issue of how developing countries can accelerate their economic growth is of crucial importance. The two primary alternative routes to development are inward-oriented growth strategies, which emphasises import-substitution industrialisation (ISI); and outward-oriented policies, which emphasises the economic benefits of participation in the world economy, that is, export-led growth (ELG). The late 1960s and 1970s witnessed a disillusionment with ISI in many developing countries, leading to a reduction in protectionist measures. The 1980s witnessed further intensification of liberalisation measures as many countries retreated from socialism, regulation and planning. The dis-advantages of ISI, the potential strength of ELG policies and the conditions necessary for successful transition from an inwardoriented regimes to an outward oriented have been extensively researched1 and beyond the scope of the present study. Moreover many of the rapidly growing newly industrialising countries (NICs) lend support to the idea that export promotion can be an effective development strategy.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed

Downloads: (external link)
http://www.pide.org.pk/pdf/PDR/2000/Volume4/591-608.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pid:journl:v:39:y:2000:i:4:p:591-608

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().

 
Page updated 2019-04-15
Handle: RePEc:pid:journl:v:39:y:2000:i:4:p:591-608