Export Led Versus Balanced Growth in the 1990sNew World Order Series vol.13
Export Led Versus Balanced Growth in the 1990sNew World Order Series vol.13

Export Led Versus Balanced Growth in the 1990sNew World Order Series vol.13


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About the Book

The Prebisch-Singer hypothesis has been extremely influential in policy making during the 1980s as well as 1990s. In spite of subsequent broadening of the Prebisch-Singer thesis, away from barter terms of trade and into questions of international hierarchy, technology and other areas of dominance and dependence, the empirical basis has continued to be debated. In recent synthesis of the post-war terms of trade debate, Hans Singer suggested that despite the shift in commodity composition of exports, the NBTT of LDCs would continue to decline because "the type of manufactures exported by these countries, in relation to the types of manufactures exported by industrial countries, share some of the disadvantages pointed out by Prebisch Singer for primary commodities in relation to manufactures." The East Asian experience was seen by Western observers as a case of market oriented export-led industrialization. What are the lessons the other LDCs can draw from the experience of East-Asian development? It is true that each country has to find its own mix of institutions. No doubt, the success of East Asia may be linked to special conditions, which are unlikely to be repeated elsewhere.

Table of Contents:
• Introduction I. MODELS OF NORTH-SOUTH TRADE 1. A Simulation Model of North-South Trade/Robert Rowthorn 2. Explaining the Volume of North-South Trade/James R. Markusen and Randall M. Wigle 3. The Engines of Growth in the APEC Economies, 1950-1990/Raymond G. Riezman, Peter M. Summers and Charles H. Whiteman 4. Engines of Growth-the Export and Government Sectors/Jim Love II. TRADE, OPENESS AND PREBISCH-SINGER HYPOTHESIS 5. The Link between Increased Trade Openness and the Terms of Trade : An Empirical Investigation/Matthias Lutz and H.W. Singer 6. Manufactured Exports of Developing Countries and their Terms of Trade Since 1965/Prabirjit Sarkar and H.W. Singer 7. Primary Commodity and Manufactured Goods Prices in the Long Run: New Evidence on the Prebisch-Singer Hypothesis/Matthias G. Lutz III. REVIEW AND REINTERPRETATION OF PREBISCH-SINGER HYPOTHESIS 8. The Prebisch-Singer Hypothesis : A Reappraisal Independent of Stationarity Hypotheses/Pier Giorgio Ardeni and Brian Wright 9. Economic Development and Endogenous Terms of Trade Determination : Review and Reinterpretation of the Prebisch-Singer Thesis/Thomas Ziesemer 10. On The Deterioration of the Net Barter Terms of Trade for Primary Commodities/Alexandre R. Barros and Analice Amazonas 11. Postwar Movements in Prices of Primary Products and Manufactured Goods/Harry Bloch and David Sapsford 12. An Empirical Analysis of Real Commodity Price Trends : Aggregation, Model Selection and Implications/John T. Cuddington and Hong Wei 13. Commodity Market Trends and Instabilities : Policy Options for Developing Countries/Alfred Maizels IV. EAST ASIAN MIRACLE MODELS 14. The Investment Profits Nexus in East-Asian Industrialization/Yilmaz Akyuz and Charles Gore 15. The East Asian Miracle : Does the Bell Toll for Industrial Strategy?/Sanjay Lall 16. How did East Asia Grow So Fast? Slow Progress towards an Analytical Consensus/Ajit Singh 17. Lessons from Growth and Structural Change in the Second-Tier South East Asian Newly Industrializing Countries/K.S. Jomo 18. Export-Led Growth and the Four Little Dragons/Jang C. Jin 19. Trade is a Two-way Exchange : Rising Import Penetration in East Asia's Export Economies/Hall Hill and Prue Philips 20. The Role of Institutions in Transition Growth : The East Asian Newly Industrializing Countries/Gustav Ranis 21. Methodological Nationalism and the Misunderstanding of East Asian Industrialization/Charles Gore V. TRADE POLICY FOR CENTRE-PERIPHERY PARADIGM 22. Import Substitution Revisited in a Darkening External Environment/Hans W. Singer and Parvin Alizadeh 23. Trade Policy : Meaning, Measurement, and Instruments/G.K. Helleiner 24. On the Transnationalization of the Centre-Periphery Paradigm : Scenarios for the 1990s/Rameshwar Tandon


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Product Details
  • ISBN-13: 9788176462860
  • Publisher: B.R. Publishing Corporation
  • ISBN-10: 8176462861


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