Manufactured Exports from the Developing World

James M. Lutz

Chapter Chapter 6 in Import Propensities of Industrialized Countries, 2000, pp 73-105 from Palgrave Macmillan

Abstract: Abstract Trade in manufactured products has been extremely important for the industrialized countries, both as exporters and importers (although with significant variation for them as importers, as was demonstrated in chapter 5). At the same time, these industrialized countries have become particularly important as markets for the manufactured goods that have been produced in the developing world. The industrialized countries have been the key markets for the manufactured goods that have been essential for the economic and developmental advances of the Newly Industrializing Countries (NICs). Without access to prosperous markets in the developed world, it would have been extremely difficult for these countries to have grown through the expansion of export industries, and it would be extremely difficult for additional countries to follow the NIC path of export-led growth without such markets. The markets in the developing countries generally lack sufficient size or domestic demand to foster export-led growth elsewhere in the developing world. Further, many developing countries have similar rather than complementary economies, limiting even more export opportunities to each other. The opportunities for the developing world to utilize comparative advantage in manufactured goods consequently depends principally on access to the large markets in the industrialized countries, markets in which there also have been better chances of complementary economic activity rather than competitive activity.

Keywords: Industrialize Country; Intermediate Good; Good Market; Capita Level; Manufacture Export (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1007/978-1-349-62207-8_6

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