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Economics

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The case for trade liberalization in developing countries

Article Abstract:

Trade liberalization is studied in three developing countries: Korea, Turkey and Mexico. In general, developing countries have been shifting from a policy of xenophobic protectionism to one inclined towards no-holds-barred free trade. This seemingly surprising development is caused by a growing deemphasis of the state's role in trade, the economic difficulties being experienced by developing countries and greater information dissemination on trade benefits. The World Bank is more inclined to lend to countries that emphasize export trade.

Mexico, Turkey, Korea

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The structure of foreign trade

Article Abstract:

World trade has expanded since 1945 and over half of this is represented by trade flows between developed economies, with trade between less developed economies accounting for under 15%. Around a third of trade is accounted for by flows between developing and developed economies. Key factors in world trade include product differentiation and economies of scale, but the rapid changes that world trade has undergone has mean that explanations have not kept pace. Theories should place more emphasis on technology and dynamics.

Developing countries, Industrialized countries

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Distinguished lecture on Economics in government: reflections on managing global integration

Article Abstract:

Economic concepts have become increasingly important in public policy formation, and there has been a globalization of economic thinking. The US faces a challenge in managing global integration as the richest, strongest and largest economy world wide. There is concern that there are political obstacles to US leadership in this arena. These obstacles both affect US support for international agencies such as the World Bank and International Monetary Fund, and the ability of the President to negotiate trade agreements.

Political aspects, United States economic conditions

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