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What is Trade Policy in Developing Countries about?

Chapter 11 discusses trade policy in developing countries, focusing on import-substituting industrialization and the infant industry argument, which advocates for temporary protection of new industries. It highlights the shift towards trade liberalization since the 1980s, noting mixed results in economic growth and the rise of export-oriented policies in East Asian economies. The chapter concludes that while trade can promote growth, the relationship between trade liberalization and overall economic develop

Author

ilham30008818

Language

EN