1. Determinants of trade orientation in less developed countries
- Author
-
Nomi, Tomoaki
- Subjects
Commercial policy -- Analysis ,Developing countries -- International trade -- Analysis ,Political science ,International trade ,Analysis - Abstract
The success of East Asian Newly Industrializing Countries often has been attributed to their outward-oriented trade strategies. Cross-national analysis of trade orientation reveals that the degree of export-oriented industrialization (measured as manufacturing exports as a percentage of gross domestic product) is associated closely with relative factor endowments. While Singapore and Taiwan are more outward oriented than expected by the cross-national norm, Hong Kong is less outward oriented than expected., The success of East Asian Newly Industrializing Countries (NICs) often has been attributed to their outward-oriented trade strategies. Outward-oriented development has performed much better than inward-oriented development, either because the [...]
- Published
- 1997