Trade Policy and Economic Development: How We Learn

Anne O Krueger
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Anne O Krueger: Johns Hopkins University, USA

Chapter 3 in Struggling with Success:Challenges Facing the International Economy, 2012, pp 35-69 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Evolution of Theory, Understanding, and PolicyThe Early YearsAccepted Stylized Facts and PremisesInitial PoliciesResulting Evolution of PoliciesResearch Directions and ContributionsEast Asian ExperienceHow Did Economists and Researchers Go Wrong?Misapplication of Good TheoryNegative ResultsGood Theory Assuming Counterfactual SituationsWhat Research Contributed to Improved PoliciesChallenging the Stylized Facts and Understanding How Import-Substitution Regimes WorkedRefinement and More Appropriate Interpretation of TheoryDemonstration of the Viability of Alternative Trade PoliciesWhat Lessons can be Learned for Research in New Applied Fields?References

Keywords: Multilateralism; International Economy; IMF; WTO; Financial Crises; Sovereign Debt; International Economic System (search for similar items in EconPapers)
Date: 2012
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