Exports, Outward-Oriented Development, and Economic Growth

Dados Bibliográficos

ID12419795
AutoresBruce E Moon (Lehigh University, autor correspondente)
Ano1998
Volume51
Fascículo1
Páginas7-7
Data de publicação1998-03-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoPolitical Research Quarterly (JOURNAL)
Identificadores do periódicoISSN: 1065-9129 • E-ISSN: 1938-274X
EditoraSAGE Publishing (PUBLISHER • US)
DOI10.2307/448828
OpenAlexW4206629460
IdiomaEN
Citações recebidas1
Referências citadas25

The World Bank has urged poor nations to adopt development strategies which emphasize export expansion, dismissing the caution against excessive trade dependence voiced by political economists.In reexamining the Bank's much-cited analyses which suggest that "outward-oriented" nations have experienced more rapid growth, this study uncovers three findings which challenge its apparent implications.First, nations characterized as following outward-oriented development do not trade notably more than those regarded as inward-oriented.Second, outward-oriented nations do not expand their trade at a rate strikingly different from other countries.Third, it is not apparent that export expansion is the principal source of the superior macroeconomic performance of so-called "outward-oriented" nations.These findings raise questions about what is meant by "outward-oriented development".Moreover, because the structural claims of political economists concerning the dangers of trade dependence cannot be easily refuted, the counsel that nations should focus development efforts on expanding exports needs to be very carefully circumscribed

Development economics · Economic system · Economics · Political economy · Political science · Global trade and economics