In order to achieve economic development, here understood as GDP growth, it is often suggested that developing countries would only need to ensure free trade and good institutions. Nevertheless countries pursuing institutional quality and trade openness, namely in Latin America, have failed to achieve sustainable economic development. Meanwhile others, namely in South and East Asia, have achieved remarkable economic growth rates, without functioning markets and property rights in place.
The questions I try to answer are: How can a theoretical framework be designed to explain the mentioned inefficiencies of the laisez-faire equilibrium in comparison to a socially optimal situation? Can it be argued that the above mentioned diverging growth success of different developing countries has been due to varying quality of chosen policy options? Do, by their enhancement, Rodrik and Hausmann explain the seemingly anomalies within the established theory on development economics?
Content
1. Introduction
2.1 Model and empirics on development, investment and learning
2.1.1 1st Model – theoretical part
2.1.2 1st Evidence – empirical part
2.2 Model and empirics on development, specialisation and trade
2.2.1 2nd Model – theoretical part
2.2.2 2nd Evidence – empirical part
3. Conclusion
References:
- Arbeit zitieren
- Michael Boehl (Autor:in), 2008, Development and Trade. The Role of Learning, Investment and Technology, München, GRIN Verlag, https://www.grin.com/document/352635
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Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen.