Central to the following discussion is the assertion that a foreign trade policy which maximizes the static efficiency gains from trade may result in reduced dynamic or X-efficiency and thus impair a developing country’s development potential. The dominant view of the relation between...

Both free trade and protectionism have been proffered as prescriptions for Third World development but neither has carried universal conviction. Neither import substitution nor export promotion strategies have come up to expectations. The author advocates a limited measure of delinking from the...

The Turkish Government intends to apply for EC membership later this year. The prospect of accession was opened to Turkey already by the EC association agreement of 1963. The world-political events pivoting on Afghanistan have greatly improved the chances for Turkey’s admission to the...