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Trade and Growth: Still Disagreement about the Relationships

Listed author(s):
  • Robert E. Baldwin

The relationships between trade and growth have long been a subject of considerable controversy among economists. In the early post-World War II period, many economic leaders concluded that protective trade policies stimulated growth, and import substitution policies were widely adopted by developing countries. By the 1980s, however, country-specific and general cross-country analyses had demonstrated the failure of the import substitution approach, and consequently export-oriented policies were widely adopted. While subsequent cross-country studies have generally indicated the growth effectiveness of outward-looking policies, recent criticisms of these studies (by Rodriguez and Rodrik, 1999, in particular) have called this conclusion into question ... Les relations entre le commerce et la croissance ont été depuis longtemps sujet à controverse parmi les économistes. Durant la période qui a suivi la deuxième guerre mondiale, beaucoup de leaders dans le domaine de l’économie concluaient que les politiques commerciales protectionnistes étaient stimulantes pour la croissance, et que des politiques de substitution de l’importation étaient largement en vigueur dans les pays développés. Au cours des années 80, cependant, les analyses nationales et internationales ont démontré l’inefficacité de l’approche de subsitution de l’importation, et donc les politiques visant l’exportation ont été favorisées en conséquence. Si les études internationales ultérieures soulignent en général l’efficacité, en termes de croissance, des politiques favorisant l’exportation, de récentes critiques de ces études (en particulier, Rodriguez et Rodrik, 1999) ont contesté cette conclusion ...

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Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 264.

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Date of creation: 12 Oct 2000
Handle: RePEc:oec:ecoaaa:264-en
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