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https://hdl.handle.net/10419/63241
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Lin, Justin Yifu | en |
dc.contributor.author | Liu, Peilin | en |
dc.date.accessioned | 2012-09-21T09:19:00Z | - |
dc.date.available | 2012-09-21T09:19:00Z | - |
dc.date.issued | 2006 | - |
dc.identifier.isbn | 9291908118 | en |
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 |
dc.language.iso | eng | en |
dc.publisher | |aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinki | en |
dc.relation.ispartofseries | |aWIDER Research Paper |x2006/43 | en |
dc.subject.jel | O14 | en |
dc.subject.jel | O20 | en |
dc.subject.jel | O33 | en |
dc.subject.jel | N65 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | economic development strategy | en |
dc.subject.keyword | income distribution | en |
dc.subject.keyword | globalization | en |
dc.subject.keyword | poverty | en |
dc.subject.stw | Entwicklungsstrategie | en |
dc.subject.stw | Armut | en |
dc.subject.stw | Globalisierung | en |
dc.subject.stw | China | en |
dc.title | Economic development strategy, openness and rural poverty: A framework and China's experiences | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 513085459 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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