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Real Exchange Rate Policies for Economic Development: A Heterodox Interpretation

In: Issues in Contemporary Economics

Author

Listed:
  • Pan A. Yotopoulos

    (Stanford University)

Abstract

Korea and Taiwan, to mention only two among the ‘fish-scale countries’ that are known as the industrialising little dragons, have been success stories in the recent experience of economic development. They have relied upon managed trade and targeted industrial policies to an extent that is not readily reconcilable with conventional views of development economics. Meanwhile, in developed countries latent tendencies for intervention and protectionism are coming to the surface in an attempt to deal with ‘economic management’ as practised by their trading partners.

Suggested Citation

  • Pan A. Yotopoulos, 1991. "Real Exchange Rate Policies for Economic Development: A Heterodox Interpretation," International Economic Association Series, in: Partha Dasgupta (ed.), Issues in Contemporary Economics, chapter 10, pages 217-240, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-11579-2_10
    DOI: 10.1007/978-1-349-11579-2_10
    as

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