 International Trade and Labour Market Adjustment in Developing CountriesChapter 8 in Trade, Investment, Migration and Labour Market Adjustment, 2002, pp 137-156 from Palgrave Macmillan Abstract: Abstract The current school of thought in the growth literature appears to favour openness as the appropriate strategy for generating sustainable growth in developing countries. Correspondingly, the import-substituting (IS) paradigm that seemed to dominate much of the 1950s and 1960s has now given way to export-promoting (EP) strategies.1 Policies based on these trade-related modes of development are credited with promoting the relatively spectacular growth especially in East Asian economies. More recently, in the mid-1980s, many developing economies have engaged in trade liberalisation programmes, and there appears to be some evidence that such programmes have aided growth. What remains unclear, however, is the role of labour market adjustments in transmitting growth to improving the welfare of the population, at least in the short run. Such transmission has become particularly important as the current focus of the debate seems to have shifted from just economic growth to poverty reduction in developing countries. Keywords: Labour Market; Labour Supply; Minimum Wage; Informal Sector; Trade Theory (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-4039-2018-8_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.