Strategic Trade Policy: An Option for Developing Countries?

Do developing countries have anything to learn from the «Strategic Trade Policy» debate? What lessons can they derive out of controversial models leading to constrasting perspectives about the impact of trade upon growth? This book addresses such questions by offering a critical review of the main developments of trade theory, concentrating on the implications of imperfect competition and increasing returns to scale in the analysis of trade. It also discusses the trade-growth relationship in the light of endogenous growth theories and explores the existence of a case for developing countries engaging in trade promotion of knowledge generating sectors. An account of the experiences with different trade regimes of various East Asian and Latin American countries and CGE-simulations of the effects of targeted trade promotion policies in Venezuela complement the analysis.

Autorentext

The Author: Leonor v. Limburg graduated in Economics at the Universidad Católica Andrés Bello in Caracas, Venezuela in 1990 and received an M.A. in Banking and Finance at the University of Wales, Bangor, UK. in 1993. She has worked in Venezuela as a commodities and securities trader and as a consultant in the privatisation and financial restucturing of a national airline. In 2001 she completed her Ph.D. under the supervision of Professor Manfred Borchert at the Westfälische Wilhelms-Universität in Münster, Germany.

Inhalt

Contents : New Trade Theory and Strategic Trade Policy - The Role of Trade in the Different Paradigms of Growth - The Ambiguous Empirical Evidence over the Trade and Growth Relationship - A Computable General Equilibrium Simulation of Targeted Trade Promotion in Venezuela.