Developing Countries and World Trade

Performance and Prospects

Yilmaz Akyuz

Developing Countries and World Trade

Yilmaz Akyuz

Distributed for Zed Books

192 pages | 5.4375 x 8.5
Paper $42.95 ISBN: 9781842774113 Published September 2003 For sale in North and South America only
Increased participation in world trade is conventionally seen as the key to economic growth and development. Yet, as this book shows through its detailed examination of world trade patterns over the last 20 years, while developing country exports have grown faster than the world average, the rich countries have meanwhile increased their share in world manufacturing valued added. This poses the vitally important policy challenge of what poor countries, confronted by the vigorous expansion of their foreign trade but no comparable rise in income, should do. Primary commodity prices have collapsed in value, and there is a real danger that the terms of trade for their exports of manufactured goods may do the same. The key challenge confronting poor countries today is not more trade liberalization on their part, but how to improve the terms of their participation in world trade and to increase the still limited and unstable benefits they derive from it.
1. Export Dynamism and Industrialization in Developing Countries

Dynamic Products in World Trade
Factors Contributing to Trade Expansion in Different Products
Export Dynamism and the Potential for Productivity Growth
Variations among Developing Countries
Exports, Industrialization and Growth

2. Competition and the Fallacy of Composition

The Issues at Stake
The Terms of Trade of Developing Country Exports: A Review of the Evidence
Competition in World Markets for Labour-intensive Manufactures
Skill Profile of World Trade and Shifts in Competitiveness
Tariff Barriers to Exports of Labour-intensive Manufactures
Policy Responses

3. China's Accession to WTO: Managing Integration and Industrialization

Accession: Changes in China's Import Regime
Industrial Structure, Trade and Employment
Trade Prospects
Conclusions: Managing Integration
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