The new trade theory and its relevance to the trade policies of developing countries
Article Abstract:
New theoretical models of international trade presupposing an oligopolistic situation are, by and large, not sustainable because of their narrow standpoints. Furthermore, the fact that such theories advocate government intervention even in the absence of trade distortions is too one-sided in favor of developed countries. Developing economies, which have just discovered the benefits of trade liberalization, may soon revert to their once restrictive policies in emulation of international trade practices as advocated by the new theorists.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 1995
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A comment on 'Review - Debt, Adjustment and Recovery.' (response to review of book 'Boom, Crisis and Adjustment: The Macroeconomic Experience of Developing Countries,' by I.M.D. Little, R.N. Cooper, W.M. Corden and S. Rajapatirana)(includes reply by Michael Bleaney)
Article Abstract:
The reviewer of the book 'Boom, Crisis and Adjustment: The Macroeconomic Experience of Developing Countries' (1993) by I.M.D Little, R.N. Cooper, W.M. Corden and S. Rajapatirana disputed the authors' claim that the years 1973-79 constituted a boom period. He characterized this period as only 'a mild affair' and thus implied that the book's title was inappropriate and misleading. It is argued that the aforementioned period was indeed a boom period as evidenced by the 17 investment booms recorded.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 1996
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Instability and volatility of capital flows to developing countries
Article Abstract:
Research is presented describing the use of analytical economic study of developing countries to determine capital volatility and stability.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2000
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