Trade Liberalisation and Economic Performance in Developing Countries - Introduction  

Oleh:

Santos-Paulino, Amelia ; Thirlwall, A. P.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 114 no. 493 (Feb. 2004), page F1-F3.
Topik: TRADES; trade liberalisation; economic performance; developing countries
Fulltext: F1.pdf (34.01KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.12 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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One of the most prominent features of the world economy over the last fify years, and particularly in the last twenty years, has been the liberalisation of international trade and payments under the auspices of the GATT (and now the WTO), the IMF and the world bank (as part of conditionality and strucutral adjustment programmes). This is one of the reasons why world trade has grown nearly five times faster than world output and probably why the GDP of most countries has generally been impressive by historical standards, at least compared to the miserable experience of the years between the two great wars. The purpose of this feature is to explore in depth some aspects and consequences of the liberalization process that affect the overall economic performance of countries, and the welfare of peoples within countries. There has been a good deal of work on the relation between trade liberalization and economic growth, which has recently come under critical scrutiny from Rodriguez and Rodrick (2000), but much less work on other aspects of liberalization such as the monetary (balance of payments) consequences of trade liberalization and the impact of liberalization on income inequality and the wage structure in developing countries. Moreover, what are the necessary economic and institutional conditions for liberalization to be 'successful' in enhancing economic performance and the welfare of people ?

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