In the context of the literature on the sequencing of reform, this paper reviews the evidence of a range of studies and draws out the lessons and implications for developing economies contemplating economic policy reform. Three questions form the core of this assessment. First, are there...

Trade related investment measures (TRIMs) refer to a set of conditions which are often applied to multinational enterprises. The most common TRIMS are local content requirements, minimum export requirements and local equity requirements. This article evaluates the use of these and other...

The role of international trade in industrialization and the impact of foreign trade regime on macroeconomic performance has been a source of lasting controversy over the postwar period. Th is paper analyzes the experience of forty-one less developed countrie s, some of which have followed...