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Openness, outward orientation, trade liberalization, and economic performance in developing countries (English)

This paper provides a critical review of the existing empirical literature that deals with the relationship between trade orientation and economic performance. Using a model that avoids the shortcomings of most current measures of trade orientation, the author finds strong support for the hypothesis that, other things being equal, countries with a less distorted external sector grow faster than countries with a more distorted external sector.

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Citation

Edwards,Sebastian

Openness, outward orientation, trade liberalization, and economic performance in developing countries (English). Policy, Planning and Research Department working papers ; no. WPS 191 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/498741468764365061/Openness-outward-orientation-trade-liberalization-and-economic-performance-in-developing-countries