Real Exchange Rate Policies for Economic Development: A Heterodox Interpretation

Pan A. Yotopoulos
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Pan A. Yotopoulos: Stanford University

Chapter 10 in Issues in Contemporary Economics, 1991, pp 217-240 from Palgrave Macmillan

Abstract: Abstract Korea and Taiwan, to mention only two among the ‘fish-scale countries’ that are known as the industrialising little dragons, have been success stories in the recent experience of economic development. They have relied upon managed trade and targeted industrial policies to an extent that is not readily reconcilable with conventional views of development economics. Meanwhile, in developed countries latent tendencies for intervention and protectionism are coming to the surface in an attempt to deal with ‘economic management’ as practised by their trading partners.

Keywords: Exchange Rate; Gross Domestic Product; Real Exchange Rate; Trade Policy; Industrial Policy (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11579-2_10

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