Title: Influence of International Trade on Economic Growth and Distribution in Developing Countries
Publisher: Logos Verlag Berlin
Publication Date: 2010
Language: English
ISBN 10: 3832526218
ISBN 13: 9783832526214
Binding: paperback
Condition: New
Weight: 8 ounces

About this title

Synopsis

The economies of developing countries today are highly integrated into world markets. Trade volumes in relation to the overall size of the economy are often much higher in developing countries than in industrial ones. The question that emerges from this trend is, "What impact does international trade have on economic growth and distribution in developing countries?" In order to answer this question the present study derives empirical testable hypotheses from theoretical models thereby bridging the existing gap between theory and empirical studies. A broad range of trade variables derived from a growth model incorporating features from the new growth theories suggest adeeperaY effects of trade on economic development that go beyond the standard "openness" correlations. Likewise, the simulation of a trade reform on goods and factor prices shows insightful results on welfare changes for various Thai household categories. The distributional impacts do not correspond with the simple dichotomy of the rich getting richer and the poor becoming poorer.

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