Foreign Trade Reforms and Development Strategy

Foreign Trade Reforms and Development Strategy

Foreign Trade Reforms and Development Strategy

Foreign Trade Reforms and Development Strategy

Synopsis

In recent years, developing countries have come under increasing international pressure to liberalize their trade regimes, and many aid and adjustment programs have recommended that import controls be relaxed. Foreign Trade Reforms and Development Strategyargues that trade liberalization is inappropriate for many developing countries. The theoretical framework on which it is based does not consider the instability of the international environment, regressive international specializations, or domestic and international financial problems. The purpose of this study is to clarify the objectives, constraints, and dangers of foreign trade reforms, and to contribute to the articulation of a positive case for flexible, targeted and reversible import controls. The contributors reintroduce long-term strategic considerations into a debate dominated by the management of short-term constraints. Both theoretical and empirical issues are addressed, and analytical case studies illustrate thearguments of the book.
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