Questioning Export Led Growth
Dani Rodrik, Harvard University | September 22, 2008
It has been unchallenged that export-led growth is the way to go for developing countries. ++ In light of the global slowdown, however, it is likely that the EU and US will become less hospitable to developing nations’ exports. ++ South-south trade cannot help, because emerging economies trade similar products and countries such as Brazil already struggle in the race with China. ++ Future economic stability depends on developing states’ ability to improve their domestic demand, while the US should avoid all-out protectionism.
Tags: | economic growth |
developing countries |
