Export Diversification, International Trade, and Economic Growth: A Survey of the Literature

Juan Felipe Mejía
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Juan Felipe Mejía: EAFIT University

Chapter Chapter 2 in Export Diversification and Economic Growth, 2011, pp 9-47 from Springer

Abstract: Abstract Since the very beginning of the 1990s, Colombian policy-makers introduced a new approach towards the national economic development: As stated by Ocampo and Villar (1992), the so-called “Modernization and Internationalization Program” was officially launched, encouraging national industries to face competition in the international markets. Just in the same direction of other developing nations, this initiative has been vigorously defended ever since, based on an expected positive correlation between economic growth and an increased openness of the country to foreign trade.

Keywords: Total Factor Productivity; Free Trade; Comparative Advantage; Trade Policy; Trade Theory (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/978-3-7908-2742-2_2

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