This paper presents empirical evidence pertaining to the"adding up problem"and the"fallacy of composition". It is shown that, rather than market constraint in the developed countries, export growth in the developing countries is largely determined by supply factors. Thus, the deceleration of...

Certain experts have expressed the view that developed country imports from developing countries have a tendency to increase less rapidly than their gross domestic product. Additionally, the view has been expressed that developed countries have raised their barriers to imports from developing...

This paper compares the policies and economic performance of newly-industrializing countries (NICs) in the Far East and Latin America in the 1963-88 period. The two groups of countries include Hong Kong, Korea, Singapore, and Taiwan; and Agentina, Brazil, Chile, and Mexico. Information is...

This paper examines the adjustment policies applied by two East Asian newly industrializing economies, Korea and Taiwan, in the period following the quadrupling of oil prices in 1973. As an introduction to the discussion, the policy performance of the two East Asian economies prior to 1973 is...

This paper examines issues relating to subsidies and countervailing measures and makes recommendations for changes in existing rules on the basis of economic considerations. This is done by analyzing, successively, the concepts of subsidies (Section I), countervailing measures and serious...