Exam 11: Trade Policy in Developing Countries

Which trade strategy have developing countries used to restrict imports of manufactured goods so that the domestic market is preserved for home producers?

Which of the following could explain why the terms of trade of developing countries might deteriorate over time?

The HPAE (High Performance Asian Economies)countries

Sophisticated theoretical arguments supporting import- substitution policies include

China's recent experience supports the proposition that

The development of countries like South Korea has been supported by all of the following EXCEPT

The imperfect capital market justification for infant industry promotion

General equilibrium considerations lead to the realization that import- substituting policies have the effect of

The disappointment with import- substitution policies is in part because

Statistical evidence suggests that

The infant industry argument calls for active government involvement

The remarkable success of the HPAEs proves that

All of the following nations EXCEPT _ have recently utilized export- led growth policies.

The HPAE "economic miracle" illustrates a clear case in which

Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?

Import substitution policies make use of

Taiwan and South Korea are examples of developing nations that have recently pursued these industrialization policies:

The "East Asian Miracle" is

The infant industry argument was an important theoretical basis for

Growth rates in Brazil and other Latin American countries have actually been slower since the trade liberalization of the late 1980s than they were during import- substituting industrialization