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WIDER Research Papers, United Nations University (UNU) >
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http://hdl.handle.net/10419/63241
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Lin, Justin Yifu | | en_US |
| dc.contributor.author | | Liu, Peilin | | en_US |
| dc.date.accessioned | | 2012-09-21T09:19:00Z | | - |
| dc.date.available | | 2012-09-21T09:19:00Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.isbn | | 9291908118 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/63241 | | - |
| dc.description.abstract | | This paper argues that both openness and poverty in a country are endogenously determined by the country’s long-term economic development strategy. Development strategies can be broadly divided into two mutually exclusive groups: (i) the comparative advantage-defying (CAD) strategy, which attempts to encourage firms to deviate from the economy’s existing comparative advantages in their entry into an industry or choice of technology; and (ii) the comparative advantage-following (CAF) strategy, which attempts to facilitate the firms’ entry into an industry or choice of technology according to the economy’s existing comparative advantages. To carry out a CAD strategy, many governments of LDCs subsidize the firms in priority sectors by distorting capital prices, foreign exchange, and other inputs; and use administrative methods to allocate price-distorted inputs to the firms. The functions of market will be suppressed. Rent-seeking will be widespread. As a result, economic performance will be poor and the income distribution issue will worsen. Foreign trade will also be retarded. Only if governments of less-developed countries make following their economy’s comparative advantage the basic principle for promoting the economy’s industrial development, will the economy have an open and well functioning market, maintain a high rate of capital accumulation, upgrade its endowment structure quickly, and see a more equitable distribution of income and fewer poor. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | UNU-WIDER Helsinki | | en_US |
| dc.relation.ispartofseries | | Research Paper, UNU-WIDER, United Nations University (UNU) 2006/43 | | en_US |
| dc.subject.jel | | O14 | | en_US |
| dc.subject.jel | | O20 | | en_US |
| dc.subject.jel | | O33 | | en_US |
| dc.subject.jel | | N65 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | economic development strategy | | en_US |
| dc.subject.keyword | | income distribution | | en_US |
| dc.subject.keyword | | globalization | | en_US |
| dc.subject.keyword | | poverty | | en_US |
| dc.subject.stw | | Entwicklungsstrategie | | en_US |
| dc.subject.stw | | Armut | | en_US |
| dc.subject.stw | | Globalisierung | | en_US |
| dc.subject.stw | | China | | en_US |
| dc.title | | Economic development strategy, openness and rural poverty: A framework and China's experiences | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 513085459 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | WIDER Research Papers, United Nations University (UNU)
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