Trade Policy at the Crossroads: Recent Experience of Developing Countries

by M. Shafaeddin

Overview

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.

Product Details

ISBN-13:	9780333595596
Publisher:	Palgrave Macmillan UK
Publication date:	02/09/2005
Edition description:	2005
Pages:	259
Product dimensions:	5.51(w) x 8.50(h) x 0.03(d)

About the Author

MEHDI SHAFAEDDIN is a development economist with D.Phil from Oxford University, UK. He is in charge of the Macroeconomics and Development Policies Branch, Globalization and Development Strategies Division of UNCTAD. He has extensive experience at national and international levels as a researcher, university lecturer and trainer. He has published a large number of articles on trade and industrial policies, economic reform, development of oil exporting countries and other development policy issues.

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