Why Trade Liberalisation Is Good For Growth  

Oleh:

Krueger, Anne O.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 108 no. 450 (Sep. 1998), page 1513-1522.
Fulltext: 1513.pdf (117.34KB)

Isi artikel

There are three titles that might have been assigned for this paper: l) Why Is Growth so Rapid with Outer-Oriented Trade Strategies?; 2) Do Countries with Outer-Oriented Trade Strategies Grow Faster? and 3) the one actually assigned. They are not the same. Of the three, the ®rst is probably the most dif®cult to answer. The second is a factual question, and the empirical demonstration is straightforward (Sachs and Warner, 1995). The third, by focussing on trade liberalisation, implies that developing countries have highly restrictive trade regimes and thus asks if a move away from those regimes is good for growth. It is far easier to show why, especially over time, liberalising a restrictive trade regime is conducive to more rapid growth than it is to show why outer oriented trade strategies have been so highly successful.

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