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Is the Washington Consensus Dead?: Growth, Openness, and the Great Liberalization, 1970s-2000s

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  • Alan M. Taylor
  • Antoni Estevadeordal

Abstract

According to the Washington Consensus, developing countries' growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 9298.

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Date of creation: Nov 2009
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Handle: RePEc:idb:brikps:9298

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Keywords: Trade Agreements; Integration & Trade; Globalization & Regionalization; IDB-WP-138;

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References

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Citations

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Cited by:
  1. Crafts, Nicholas, 2011. "Economic History Matters," CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) 58, Competitive Advantage in the Global Economy (CAGE).
  2. Peter A. Petri, 2010. "Beyond the Golden Era: Asia Pacific Cooperation after the Global Financial Crisis," Working Papers, Brandeis University, Department of Economics and International Businesss School 11, Brandeis University, Department of Economics and International Businesss School.
  3. NAITO Takumi, 2012. "An Eaton-Kortum Model of Trade and Growth," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 12055, Research Institute of Economy, Trade and Industry (RIETI).
  4. Naito, Takumi, 2012. "A Ricardian model of trade and growth with endogenous trade status," Journal of International Economics, Elsevier, Elsevier, vol. 87(1), pages 80-88.
  5. Pinelopi Goldberg & Amit Khandelwal & Nina Pavcnik & Petia Topalova, 2009. "Imported Intermediate Inputs and Domestic Product Growth: Evidence from India," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. 1179, Princeton University, Department of Economics, Center for Economic Policy Studies..
  6. Tarr, David, 2012. "Impact of services liberalization on industry productivity, exports and development : six empirical studies in the transition countries," Policy Research Working Paper Series, The World Bank 6023, The World Bank.
  7. Petar Stankov, 2010. "Deregulation, Economic Growth and Growth Acceleration," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economic Institute, Prague wp424, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
  8. Moritz Schularick & Solomos Solomou, 2011. "Tariffs and economic growth in the first era of globalization," Journal of Economic Growth, Springer, Springer, vol. 16(1), pages 33-70, March.
  9. Bridgman, Benjamin, 2012. "The rise of vertical specialization trade," Journal of International Economics, Elsevier, Elsevier, vol. 86(1), pages 133-140.
  10. Benjamin Brishman, 2010. "The Rise of Vertical Specialization Trade," BEA Working Papers, Bureau of Economic Analysis 0051, Bureau of Economic Analysis.

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