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Economic Development from an Open Economy Perspective

In: Trade, Development and Political Economy

Author

Listed:
  • Ronald Findlay
  • Ronald W. Jones

Abstract

Anne Krueger’s career, which we celebrate in this volume, has straddled two of the ‘fields’ of our discipline — International Trade and Economic Development. The intersection of these two fields, which in the language of set theory is a subset of their union, has been particularly rich and fertile for both of them. Concerns about ‘development’ and the closely related issue of ‘growth’ have inspired a large and growing volume of work on the dynamization of the traditionally static corpus of pure trade theory and also on the role of skills, externalities, infrastructures and numerous other factors. Our concern in this chapter, however, will be to look at this intersection from the opposite direction. What difference does a ‘global’ or ‘open economy’ perspective make to how the problems of the development and growth of a national economy are perceived?

Suggested Citation

  • Ronald Findlay & Ronald W. Jones, 2001. "Economic Development from an Open Economy Perspective," Palgrave Macmillan Books, in: Deepak Lal & Richard H. Snape (ed.), Trade, Development and Political Economy, chapter 9, pages 159-173, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52368-5_9
    DOI: 10.1057/9780230523685_9
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