Import Liberalization and Industrial Performance: The Conceptual Underpinnings.
Import liberalization is a centrepiece of conventional approaches to policy reform and structural adjustment. Despite substantial criticism of the effects of liberalization, the underlying economic reasoning is widely accepted. This article examines the ways in which different schools of thought analyse the effect of "opening up" the economy on industrial development, and contrasts neoclassical and evolutionary approaches. Different conceptualizations of market failure emerge as the focal poi...Expand abstract
- Development and Change
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