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Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

The Case for Trade Liberalization in Developing Countries

  • Rudiger Dornbusch
Journal of Economic Perspectives
vol. 6, no. 1, Winter 1992
(pp. 69–85)
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Abstract

This paper reviews the actual situation of protection in developing countries, and then discusses the prospective gains from liberalization. Three experiences with liberalization, from three different parts of the world, are sketched: Turkey, Korea, and Mexico. Next the paper considers what can go wrong with trade reform. Finally, it focuses on two new directions in trade strategy: service trade liberalization and regional free trade agreements.

Citation

Dornbusch, Rudiger. 1992. "The Case for Trade Liberalization in Developing Countries." Journal of Economic Perspectives, 6 (1): 69–85. DOI: 10.1257/jep.6.1.69

JEL Classification

  • O19 International Linkages to Development; Role of International Organizations
  • F13 Trade Policy; International Trade Organizations
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