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Import Liberalization and Industrial Performance: The Conceptual Underpinnings.

Abstract:

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...

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Authors


Sanjaya Lall More by this author
Wolfram Latsch More by this author
Journal:
Development and Change
Volume:
29
Publication date:
1998
URN:
uuid:d252083b-c378-44ad-9ad1-a24660a5d0cb
Local pid:
oai:economics.ouls.ox.ac.uk:12555
Language:
English

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