Korea's exports have made an important contribution to its outstanding economic growth. Its exports, in turn, have been affected by domestic economic variables, including exchange rate policy, and by external influences. Among domestic economic variables, the exchange rate appears to have had a...

Perestroyka, introduced in the Soviet Union to reform the economy after the"period of stagnation"under Brezhnev, involves combining centralized planning with elements of a market economy. For it to succeed, certain micro and macro conditions need to be fulfilled. As far as micro conditions are...

Indicative planning which involves the establishment of sectoral targets which are not compulsory for the private sector and are embedded in macroeconomic projections that pertain to a period of several years. Indicative planning has been widely practiced in developing countries during the post...

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...

Developing countries are well advised to adopt appropriate tariff and tax policies. An ideal scheme of such policies would include the following : 1) export taxes should be set on the basis of the long run elasticity of foreign demand in the case of commodities in which the country has market...