Policy recommendations for export promotion
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Date
1993
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Abstract
The paper examines policy recommendations for export promotion and accepts distortion-correction as the objective that sits well with received trade theory, policy experience and political economy considerations. Evaluating the new trade theory that has the objective of capturing a arger share of the global market the paper notes its theoretical validity but limited value for policy recommendation. Support for specif export activities can be accommodate with in a framework of distortion-correction. But that support has to be at the initiative of the private sector it should be subject to evaluation as an investment in knowledge and time bound.
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export promotion, political economy, global market