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Title: |
Do Outward-Oriented Developing Economies
Industrialize Faster? |
| Author: |
Clark, Don P. |
| Author
Affiliation: |
U TN |
| Source: |
International Economic Journal, Autumn 1997, v. 11, no. 3, pp. 75-83 |
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Publication Date: |
Autumn 1997 |
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Abstract: |
This paper investigates the relationship
between trade policy orientation and industrialization. Rates of
industrial diffusion, rather than per capita output growth rates, are
related to Dollar's (1992) index of real exchange rate distortion to
establish the superiority of outward-oriented strategies in fostering
industrial development. Results suggest developing countries will have
more success in their efforts to industrialize if they adopt
outward-oriented trade strategies. |
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