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Published in:
1989 | OriginalPaper | Chapter
Liberalizing Trade Between Developed and Developing Countries
Author : Bela Balassa
Published in: New Directions in the World Economy
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The world trading system is at the crossroads. Despite repeated declarations made by developed country governments of their intention to resist protectionist pressures and to roll back protection, new measures have been introduced to limit imports to the detriment of their own and their trading partners’ economies. Also, some large developing countries have responded to external shocks and the subsequent debt crisis by increasing import protection.