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Industrialisation and Macroeconomic Performance in Developing Countries under Alternative Trade Strategies

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  • Greenaway, David
  • Nam, Chong Hyun

Abstract

The role of international trade in industrialization and the impact of foreign trade regime on macroeconomic performance has been a source of lasting controversy over the postwar period. Th is paper analyzes the experience of forty-one less developed countrie s, some of which have followed outward-oriented strategies. Various c riterion are used to distinguish between alternative strategies, and a variety of indicators of industrialization and macro-economic perfo rmance are examined. The find-ings suggest that outward-oriented econ omies have generally performed better than inward-oriented economies. Copyright 1988 by WWZ and Helbing & Lichtenhahn Verlag AG

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 41 (1988)
Issue (Month): 3 ()
Pages: 419-35

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Handle: RePEc:bla:kyklos:v:41:y:1988:i:3:p:419-35

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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Cited by:
  1. Jayanthakumaran, K., 2000. "Industrialisation: Import Substitution to Export Promotion," Economics Working Papers, School of Economics, University of Wollongong, NSW, Australia WP00-09, School of Economics, University of Wollongong, NSW, Australia.
  2. Henrekson, Magnus & Torstensson, Rasha, 1996. "Growth Effects of European Integration," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1465, C.E.P.R. Discussion Papers.
  3. Marius Brülhart & Mary J. Kelly, 1999. "Ireland’s Trading Potential with Central and Eastern European Countries - A Gravity Study," The Economic and Social Review, Economic and Social Studies, Economic and Social Studies, vol. 30(2), pages 159-174.
  4. van den Berg, Hendrik, 1997. "The relationship between international trade and economic growth in Mexico," The North American Journal of Economics and Finance, Elsevier, vol. 8(1), pages 1-21.
  5. "Kim, Kwan S.", 1994. "Foreign Trade Regimes, Employment, and Income Distribution―Selected Developing Country Studies―," Economic Review, Hitotsubashi University, Hitotsubashi University, vol. 45(3), pages 218-229, July.
  6. Yao, Shujie & Wei, Kailei, 2007. "Economic growth in the presence of FDI: The perspective of newly industrialising economies," Journal of Comparative Economics, Elsevier, vol. 35(1), pages 211-234, March.
  7. Ram Mudambi, 1999. "Multinational Investment Attraction: Principal-Agent Considerations," International Journal of the Economics of Business, Taylor & Francis Journals, Taylor & Francis Journals, vol. 6(1), pages 65-79.
  8. Johansson, Helena & Nilsson, Lars, 1997. "Export processing zones as catalysts," World Development, Elsevier, vol. 25(12), pages 2115-2128, December.

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