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The Case for Trade Liberalization in Developing Countries

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  • Rudiger Dornbusch

Abstract

This paper reviews the actual situation of protection in developing countries, and then discusses the prospective gains from liberalization. Three experiences with liberalization, from three different parts of the world, are sketched: Turkey, Korea, and Mexico. Next the paper considers what can go wrong with trade reform. Finally, it focuses on two new directions in trade strategy: service trade liberalization and regional free trade agreements.

Suggested Citation

  • Rudiger Dornbusch, 1992. "The Case for Trade Liberalization in Developing Countries," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 69-85, Winter.
    • Handle: RePEc:aea:jecper:v:6:y:1992:i:1:p:69-85
    Note: DOI: 10.1257/jep.6.1.69
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.6.1.69
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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