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Trade Orientation and Economic Development: Theory and Evidence

In: Development Economics and Policy

Author

Listed:
  • David Greenaway
  • Wyn Morgan

Abstract

Should developing countries follow an inwardly or outwardly orientated trade policy? A simple question which only has a simple answer to the simple-minded! This is an issue which has taxed at least two generations of development economists. It is also an issue which has taxed the multilateral lending agencies for some time. The belief that outward-orientated policies ‘work’ has had a very considerable influence on the design and implementation of policy conditionality in the IMF and World Bank.

Suggested Citation

  • David Greenaway & Wyn Morgan, 1998. "Trade Orientation and Economic Development: Theory and Evidence," Palgrave Macmillan Books, in: David Sapsford & John-ren Chen (ed.), Development Economics and Policy, chapter 7, pages 113-132, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26769-9_7
    DOI: 10.1007/978-1-349-26769-9_7
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    Citations

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    Cited by:

    1. Yongkul Won & Frank S.T. Hsiao & Doo Yong Yang, 2008. "FDI Inflows, Exports and Economic Growth in First and Second Generation ANIEs : Panel Data Causality Analyses," Trade Working Papers 21939, East Asian Bureau of Economic Research.
    2. Hsiao, Frank S.T. & Hsiao, Mei-Chu W., 2006. "FDI, exports, and GDP in East and Southeast Asia--Panel data versus time-series causality analyses," Journal of Asian Economics, Elsevier, vol. 17(6), pages 1082-1106, December.
    3. Sam Hak Kan Tang & Nicolaas Groenewold & Charles Ka Yui Leung, 2003. "Institutions, Technical Change and Macroeconomic Volatility, Crises and Growth: A Robust Causation," Economics Discussion / Working Papers 03-21, The University of Western Australia, Department of Economics.
    4. Jalil Khodaparast Shirazi & Vahid Mohamad Taghvaee & Mohamad Nasiri & Abbas Assari Arani, 2020. "Sustainable development and openness in oil-exporting countries: green growth and brown growth," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-19, December.

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