Exports, Outward-Oriented Development, and Economic Growth
The World Bank has urged poor nations to adopt development strate gies which emphasize export expansion, dismissing the caution against excessive trade dependence voiced by political economists. In reexamin ing the Bank's much-cited analyses which suggest that "outward-oriented" natio...
Published in: | Political Research Quarterly |
---|---|
Main Author: | |
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
SAGE Publications
1998
|
Subjects: | |
Online Access: | http://dx.doi.org/10.1177/106591299805100101 http://journals.sagepub.com/doi/pdf/10.1177/106591299805100101 |
id |
crsagepubl:10.1177/106591299805100101 |
---|---|
record_format |
openpolar |
spelling |
crsagepubl:10.1177/106591299805100101 2023-05-15T16:16:26+02:00 Exports, Outward-Oriented Development, and Economic Growth Moon, Bruce E. 1998 http://dx.doi.org/10.1177/106591299805100101 http://journals.sagepub.com/doi/pdf/10.1177/106591299805100101 en eng SAGE Publications http://journals.sagepub.com/page/policies/text-and-data-mining-license Political Research Quarterly volume 51, issue 1, page 7-36 ISSN 1065-9129 1938-274X Sociology and Political Science journal-article 1998 crsagepubl https://doi.org/10.1177/106591299805100101 2022-04-14T04:40:18Z The World Bank has urged poor nations to adopt development strate gies which emphasize export expansion, dismissing the caution against excessive trade dependence voiced by political economists. In reexamin ing the Bank's much-cited analyses which suggest that "outward-oriented" nations have experienced more rapid growth, this study uncovers three findings which challenge its apparent implications. First, nations charac terized as following outward-oriented development do not trade notably more than those regarded as inward-oriented. Second, outward-oriented nations do not expand their trade at a rate strikingly different from other countries. Third, it is not apparent that export expansion is the principal source of the superior macro-economic performance of so-called "out ward-oriented" nations. These findings raise questions about what is meant by "outward-oriented development." Moreover, because the structural claims of political economists concerning the dangers of trade depen dence cannot be easily refuted, the counsel that nations should focus development efforts on expanding exports needs to be very carefully circumscribed. Article in Journal/Newspaper First Nations SAGE Publications (via Crossref) Political Research Quarterly 51 1 7 36 |
institution |
Open Polar |
collection |
SAGE Publications (via Crossref) |
op_collection_id |
crsagepubl |
language |
English |
topic |
Sociology and Political Science |
spellingShingle |
Sociology and Political Science Moon, Bruce E. Exports, Outward-Oriented Development, and Economic Growth |
topic_facet |
Sociology and Political Science |
description |
The World Bank has urged poor nations to adopt development strate gies which emphasize export expansion, dismissing the caution against excessive trade dependence voiced by political economists. In reexamin ing the Bank's much-cited analyses which suggest that "outward-oriented" nations have experienced more rapid growth, this study uncovers three findings which challenge its apparent implications. First, nations charac terized as following outward-oriented development do not trade notably more than those regarded as inward-oriented. Second, outward-oriented nations do not expand their trade at a rate strikingly different from other countries. Third, it is not apparent that export expansion is the principal source of the superior macro-economic performance of so-called "out ward-oriented" nations. These findings raise questions about what is meant by "outward-oriented development." Moreover, because the structural claims of political economists concerning the dangers of trade depen dence cannot be easily refuted, the counsel that nations should focus development efforts on expanding exports needs to be very carefully circumscribed. |
format |
Article in Journal/Newspaper |
author |
Moon, Bruce E. |
author_facet |
Moon, Bruce E. |
author_sort |
Moon, Bruce E. |
title |
Exports, Outward-Oriented Development, and Economic Growth |
title_short |
Exports, Outward-Oriented Development, and Economic Growth |
title_full |
Exports, Outward-Oriented Development, and Economic Growth |
title_fullStr |
Exports, Outward-Oriented Development, and Economic Growth |
title_full_unstemmed |
Exports, Outward-Oriented Development, and Economic Growth |
title_sort |
exports, outward-oriented development, and economic growth |
publisher |
SAGE Publications |
publishDate |
1998 |
url |
http://dx.doi.org/10.1177/106591299805100101 http://journals.sagepub.com/doi/pdf/10.1177/106591299805100101 |
genre |
First Nations |
genre_facet |
First Nations |
op_source |
Political Research Quarterly volume 51, issue 1, page 7-36 ISSN 1065-9129 1938-274X |
op_rights |
http://journals.sagepub.com/page/policies/text-and-data-mining-license |
op_doi |
https://doi.org/10.1177/106591299805100101 |
container_title |
Political Research Quarterly |
container_volume |
51 |
container_issue |
1 |
container_start_page |
7 |
op_container_end_page |
36 |
_version_ |
1766002296747982848 |