The Importance of Trade for Developing Countries

Bela Balassa
Additional contact information
Bela Balassa: The Johns Hopkins University

Chapter Essay 1 in New Directions in the World Economy, 1989, pp 3-31 from Palgrave Macmillan

Abstract: Abstract Participation in international trade provides a Variety of benefits to the developing countries. They may obtain gains through resource allocation according to comparative advantage; the exploitation of economies of scale and increased capacity utilization; improvements in technology; increases in domestic savings and foreign direct investment; and increased employment.

Keywords: Foreign Direct Investment; Total Factor Productivity; Realistic Exchange Rate; Real Wage; External Shock (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-10588-5_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349105885

DOI: 10.1007/978-1-349-10588-5_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().