Economic Development from an Open Economy Perspective

Ronald Findlay and Ronald Jones

Chapter 9 in Trade, Development and Political Economy, 2001, pp 159-173 from Palgrave Macmillan

Abstract: Abstract Anne Krueger’s career, which we celebrate in this volume, has straddled two of the ‘fields’ of our discipline — International Trade and Economic Development. The intersection of these two fields, which in the language of set theory is a subset of their union, has been particularly rich and fertile for both of them. Concerns about ‘development’ and the closely related issue of ‘growth’ have inspired a large and growing volume of work on the dynamization of the traditionally static corpus of pure trade theory and also on the role of skills, externalities, infrastructures and numerous other factors. Our concern in this chapter, however, will be to look at this intersection from the opposite direction. What difference does a ‘global’ or ‘open economy’ perspective make to how the problems of the development and growth of a national economy are perceived?

Keywords: Direct Foreign Investment; Political Economy; International Trade; Foreign Investment; Comparative Advantage (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52368-5_9

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DOI: 10.1057/9780230523685_9

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