Problems of Adjustment to Imports from Less-Developed Countries

Herbert Giersch and Erik Lundberg

Chapter 7 in The World Economic Order, 1981, pp 265-294 from Palgrave Macmillan

Abstract: Abstract The group of less-developed countries (LDCs) has set as its target an increase of its share in world manufacturing production from around 7 to 8 per cent now to 25 per cent in the year 2000. Although the figure is probably too high to be realistic, it can be taken as a symbol of the LDCs’ efforts to improve their position in world production and international trade. Advanced countries are called upon to support these efforts by freeing imports from LDCs.

Keywords: Real Wage; Product Innovation; Advanced Country; Adjustment Problem; Foreign Worker (search for similar items in EconPapers)
Date: 1981
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DOI: 10.1007/978-1-349-16488-2_8

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