Introduction

Chang, Wen-Chin; Tagliacozzo, Eric

doi:10.1093/acprof:oso/9780199335039.003.0001

Cited by 5 publications

(6 citation statements)

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“…The experience of China confirms the general pattern by which advanced and new industrialized economies have made the gains of international trade an engine of economic progress. Ironically, the advocators of free trade insist that in case policymakers attempt to implement any alternative policy to promote industrialization, such as import substitution strategy, the economy risks forgoing the gains from trade (Chang and Rowthorn, 1995). In today's international context, however, it is worthy mention that the scenario in which advanced countries and NIEs (even China) set up their growth and industrialization strategies has changed substantially due to, inter alia, the current new rules of trade (namely the WTO).…”

Section: Concluding Remarks: Are There Current Policy Alternatives Tomentioning

confidence: 99%

Can Free Trade Guarantee Reaping the Gains From Trade?

Cruz¹

2017

PE-IPN

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A Teódula, por su collar y las duchas de estrellas RESUMENLas ganancias estáticas y dinámicas del comercio son las razones teóricas que explican por qué los países se embarcan en el libre comercio, esperando que éste promueva la industrialización y el crecimiento. No hay, sin embargo, nada en la teoría convencional del comercio internacional que garantice que dichas ganancias se materializarán y aún cuando lo hagan pueden no acelerar ni la industrialización ni el crecimiento. Esto porque existe un número de costos que la misma teoría omite o ignora. Ellos se refieren, inter alia, a los efectos monetarios de la especialización del comercio en la balanza de pagos, la pérdida de autonomía política y a la desindustrialización y el crecimiento sin empleo. Cuando los costos del libre comercio superan sus beneficios, la dilación del desarrollo económico es el resultado más probable. Para evitar esto, la intervención gubernamental es necesaria. En este trabajo, al contrastar las ABSTRACT Static and dynamic gains from trade are the theoretical reasons that explain why countries embark in free trade, expecting this to promote industrialization and development. There is nothing, however, in the conventional theory of international trade that guarantees that these gains will materialise and even when they do so they might not accelerate industrialization and growth. This is because, there are a number of deleterious effects that the same theory omits and/or ignores. They refer to, inter alia, the monetary effects of trade specialization on the balance of payments, loss of policy autonomy, deindustrialization and jobless growth. When the costs of free trade overwhelm its benefits, the retarding of industrialization and development are the likely results. To avoid this, gradual openness and government intervention are necessary. In this paper, by contrasting the experiences of China and Mexico since trade liberalisation took place in these economies, the arguments mentioned are supported. The comparison sheds light on the sort of policies that both opened and still closed developing economies must currently implement if they want to reap the static and dynamic gains from trade, thus make real economic progress.

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Section: Concluding Remarks: Are There Current Policy Alternatives Tomentioning

confidence: 99%

Can Free Trade Guarantee Reaping the Gains From Trade?

Cruz¹

2017

PE-IPN

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“…31 For an example of the latter use, see Wiggins (1978). Chang (1997) distinguishes between incomparability and incommensurability along similar lines and provides a very useful guide to the various ways of understanding 'incommensurability' and similar notions.…”

Section: Incommensurabilitymentioning

confidence: 99%

Minimalism about Intention: A Modest Defense

Tenenbaum

2014

Inquiry

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“…If we are determined to do so, we can find 'covering values' (Chang 1997) I suggest that one of the reasons for our refusal to rank certain items on a common scale is our awareness of the distinctive quality of the features concerned. It is not a global rejection of ranking procedures, nor of the possibility of covering values in even the majority of cases.…”

Section: Incomparability and Incommensurabilitymentioning

confidence: 99%

How far can we aspire to consistency when assessing learning?

Davis

2013

Ethics and Education

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Introduction

Cited by 5 publications

References 0 publications

Can Free Trade Guarantee Reaping the Gains From Trade?

Can Free Trade Guarantee Reaping the Gains From Trade?

Minimalism about Intention: A Modest Defense

How far can we aspire to consistency when assessing learning?

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