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An Institutional Analysis of the Design and Sequence of Trade and Investment Policy Reform

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  • Levy, Brian

Abstract

Countries vary in their political commitment to change and in the capability of their bureaucracies. Policies vary in their organizational and political demands. These institutional variations can be incorporated into the design of trade and investment policy reform. In virtually all countries the presumption should be for reforms to dismantle--not reconfigure--restrictive entry rules and dysfunctional discretionary investment incentives. But there is no single approach, common across countries, through which trade policy reform should proceed. Countries with weak administrative capabilities should push import liberalization to the limits. But politically constrained countries with a stronger administrative capability might consider roundabout reforms that secure outward orientation without full-scale, prior import liberalization. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Levy, Brian, 1993. "An Institutional Analysis of the Design and Sequence of Trade and Investment Policy Reform," The World Bank Economic Review, World Bank, vol. 7(2), pages 247-262, May.
    • Handle: RePEc:oup:wbecrv:v:7:y:1993:i:2:p:247-62
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    Cited by:

    1. Dani Rodrik, 1993. "Taking Trade Policy Seriously: Export Subsidization as a Case Study in Policy Effectiveness," NBER Working Papers 4567, National Bureau of Economic Research, Inc.
    2. Gripsrud, Geir & Benito, Gabriel R. G., 1995. "Promoting imports from developing countries: A marketing perspective," Journal of Business Research, Elsevier, vol. 32(2), pages 141-148, February.
    3. Laurila, Juhani & Singh, Rupinder, 2000. "Sequential reform strategy: The case of Azerbaijan," BOFIT Discussion Papers 8/2000, Bank of Finland Institute for Emerging Economies (BOFIT).
    4. Morrissey, Oliver, 1995. "Political commitment, institutional capacity and tax policy reform in Tanzania," World Development, Elsevier, vol. 23(4), pages 637-649, April.
    5. J. Winiecki, 1996. "The superiority of eliminating barriers to entrepreneurship over privatisation activism of the state," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 49(198), pages 313-331.
    6. Starbatty, Joachim, 1994. "Zum Transformationsprozeß in Polen: Eindrücke und Anmerkungen eines Ökonomen," Tübinger Diskussionsbeiträge 31, University of Tübingen, School of Business and Economics.
    7. Nicholas Gruen, 1999. "Towards a More General Approach to Trade Liberalization," The Economic Record, The Economic Society of Australia, vol. 75(4), pages 385-396, December.
    8. J. Winiecki, 1996. "The superiority of eliminating barriers to entrepreneurship over privatisation activism of the state," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 49(198), pages 313-331.
    9. repec:zbw:bofitp:2000_008 is not listed on IDEAS
    10. McCourt, Willy, 2003. "Political Commitment to Reform: Civil Service Reform in Swaziland," World Development, Elsevier, vol. 31(6), pages 1015-1031, June.
    11. Laurila, Juhani & Singh, Rupinder, 2000. "Sequential reform strategy : The case of Azerbaijan," BOFIT Discussion Papers 8/2000, Bank of Finland, Institute for Economies in Transition.

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