Trade and Development I

This chapter examines how political and economic forces have shaped the adoption and evolution of these new trade and development policies. It also examines why governments in so many developing countries intervened deeply in their domestic economies, insulated themselves from international trade, and sought changes in international trade rules. The chapter looks first at how economic and political change throughout the developing world brought to power governments supported by import-competing interests. It then examines the economic theory that guided policy during those times. The chapter describes the specific policies that governments pursued during that period, looking first at their domestic strategy for industrialization and then examining their efforts to reform the international trade system. In developing societies outside the Soviet bloc, this state-centered approach to development came to be called import substitution industrialization.

Economic geography · Economics · Industrialisation · International economics · International trade · Market economy · Substitution (logic) · Computer Science · Global trade and economics