Foreign Economic Relations - General & miscellaneous, General Economic Policies, Diplomatic Relations - General & Miscellaneous, Development, International Exchange & Trade

Trade Policies and Developing Nations

Name: Trade Policies and Developing Nations
Author: Anne O. Krueger
ISBN: 9780815750550

by Anne O. Krueger

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Overview

For the past half century the developing countries have struggled with their relationship to the world trading system, the role of their trade policies in their own economic growth, and the influence of the world economy on their prospects for growth. Until the 1980s, the developing countries were bystanders rather than participants in the design of the international trading system. They followed policies of "import substitution," thereby insulating their economies from the rest of the world. By 1980, however, policymakers in most developing countries realized the import-substitution policies had failed, and they finally began opening up their economies and integrating them into the international economic system. In this book, part of the Integrating National Economies series, Anne O. Krueger traces the reasons for the developing countries' reversals of earlier policies and demonstrates the importance of the open international trading system for them. She analyzes the interaction of developing countries and the world economy from the late 1940s to the early 1990s, reviews the lessons learned, and surveys the situation in the mid-1990s.

About the Author, Anne O. Krueger

Anne O. Krueger is a Senior Fellow of Center for International Development (of which she was the founding Director) and the Herald L. and Caroline Ritch Emeritus Professor of Sciences and Humanities in the Economics Department at Stanford University. Anne Krueger was First Deputy Managing Director of the International Monetary Fund from 2001 to 2006. Prior to that, she had taught at Stanford and Duke Universities.

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Krueger (economics, Stanford U.) analyzes the interaction of developing countries and the world economy from the late 1940s to the early 1990s, reviews the lessons learned, and surveys the situation in the mid-1990s. Annotation c. Book News, Inc., Portland, OR (booknews.com)