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The relationships between trade and growth have long been a subject of considerable controversy among economists. In the early post-World War II period, many economic leaders concluded that protective trade policies stimulated growth, and import substitution policies were widely adopted by developing countries. By the 1980s, however, country-specific and general cross-country analyses had demonstrated the failure of the import substitution approach, and consequently export-oriented policies were widely adopted. While subsequent cross-country studies have generally indicated the growth effectiveness of outward-looking policies, recent criticisms of these studies (by Rodriguez and Rodrik, 1999, in particular) have called this conclusion into question ...

Economics

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Free trade --- 330.05 --- 382.973 --- #SBIB:001.AANKOOP --- #SBIB:328H31 --- 382.30 --- NBB congres --- US / United States of America - USA - Verenigde Staten - Etats Unis --- Instellingen en beleid: VSA / USA --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden --- United States. --- Voting. --- United States --- Commercial policy. --- Foreign trade. International trade --- North American Free Trade Agreement

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