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dc.contributor.authorLin, Justin Yifuen
dc.contributor.authorLiu, Peilinen
dc.date.accessioned2012-09-21T09:19:00Z-
dc.date.available2012-09-21T09:19:00Z-
dc.date.issued2006-
dc.identifier.isbn9291908118en
dc.identifier.urihttp://hdl.handle.net/10419/63241-
dc.description.abstractThis 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
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Research Paper |x2006/43en
dc.subject.jelO14en
dc.subject.jelO20en
dc.subject.jelO33en
dc.subject.jelN65en
dc.subject.ddc330en
dc.subject.keywordeconomic development strategyen
dc.subject.keywordincome distributionen
dc.subject.keywordglobalizationen
dc.subject.keywordpovertyen
dc.subject.stwEntwicklungsstrategieen
dc.subject.stwArmuten
dc.subject.stwGlobalisierungen
dc.subject.stwChinaen
dc.titleEconomic development strategy, openness and rural poverty: A framework and China's experiences-
dc.typeWorking Paperen
dc.identifier.ppn513085459en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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