Trade policy at the crossroads : the recent experience of developing countries

Bibliographic Information

Trade policy at the crossroads : the recent experience of developing countries

Mehdi Shafaeddin ; foreword by Paul Streeten

Palgrave Macmillan, 2005

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Note

Includes bibliographical references (p. 225-245) and index

Description and Table of Contents

Description

Analyzing the experience of developing countries in recent years and the deadlock in trade negotiation in WTO, the author argues that the theories and practices of trade and industrial policies are surrounded by a number of fallacies: that universal and across-the-board trade liberalization is to the benefit of all developing countries, irrespective of their level of development; that the Invisible Hand of free market alone is conducive to industrialization, that the infant industry argument is against export expansion; that developed countries industrialized without government intervention; that WTO rules are conducive to development.

Table of Contents

Introduction Growth and Diversification The Impact of Reform on Investment Market and Government Universal Trade Liberalisation Infant Industry Argument and Import Substitutions History of Trade and Industrial Policy The World Trading System and Industrialization Concluding Remarks: An Alternative Approach

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