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Debt Crisis, Trade Liberalization, Structural Adjustment, And Growth: Some Policy Considerations

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  • SEBASTIAN EDWARDS

Abstract

This paper analyzes some dynamic aspects of trade liberalization reforms within the context of the debt crisis. In particular, the paper discusses issues concerning intensity of liberalization, speed of trade reform, and the interaction between liberalization and stabilization. It deals with analytical issues and draws from the empirical experiences of some highly indebted Latin American countries.

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  • Sebastian Edwards, 1989. "Debt Crisis, Trade Liberalization, Structural Adjustment, And Growth: Some Policy Considerations," Contemporary Economic Policy, Western Economic Association International, vol. 7(3), pages 30-41, July.
    • Handle: RePEc:bla:coecpo:v:7:y:1989:i:3:p:30-41
    DOI: 10.1111/j.1465-7287.1989.tb00567.x
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    References listed on IDEAS

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    1. Anne O. Krueger, 1983. "Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions," NBER Books, National Bureau of Economic Research, Inc, number krue83-1, March.
    2. Jeffrey D. Sachs, 1987. "Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs," NBER Working Papers 2226, National Bureau of Economic Research, Inc.
    3. Corbo, Vittorio & de Melo, Jaime, 1987. "Lessons from the Southern Cone Policy Reforms," The World Bank Research Observer, World Bank, vol. 2(2), pages 111-142, July.
    4. Elhanan Helpman, 1988. "Growth, Technological Progress, and Trade," NBER Working Papers 2592, National Bureau of Economic Research, Inc.
    5. Anne O. Krueger, 1983. "Trade and Employment in Less Developed Countries: The Questions," NBER Chapters, in: Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions, pages 1-9, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Qazi Hye, 2012. "Long term effect of trade openness on economic growth in case of Pakistan," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(4), pages 1137-1149, June.
    2. Qazi Hye & Wee-Yeap Lau & Marie-Aimée Tourres, 2014. "Does economic liberalization promote economic growth in Pakistan? An empirical analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(4), pages 2097-2119, July.

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