The Role of Private Sectors for Trade Liberalizatio in Connection with Export Promotion
DOI:
https://doi.org/10.24203/ajhss.v8i6.6158Keywords:
Trade Liberalization, Role of Private Sector, Export PromotionAbstract
In contemporary world the neoliberal economists have pursued to establish the thought that economic liberalization consistently promotes growth and decreases poverty in less developed countries. Liberalization of markets in the developing countries, according to them, promotes exports and it will create economic perfection by intensifying competition between domestic and external economic actors and exposing management and workers to improved practices Did the market liberalization policies of Ethiopia is helpful? This paper surveys the literature and provides its own assessment of the nexus between private sector and trade liberalization in connection with export promotion. The country's step wise liberalization process has shown some favourable prospects for investment and growth. However, the next steps, liberalizing the capital account and leaving the exchange rate to be determined in the market, among other things, require a skillful design. The capital account which is still left unliberalized has to wait for some time till the economy ensures a sustainable capacity of generating foreign currencies. Otherwise economic instability would follow and consequently, the reform process would be as stake.
References
• Atici, C. (2005). Liberalization-goals trade-offs. Implications of agricultural trade liberalization for developing countries. In Outlook on Agriculture (Vol. 34). https://doi.org/10.5367/0000000054224364
• Brandaõ, A. S. P., & Martin, W. J. (1993). Implications of agricultural trade liberalization for the developing countries. In Agricultural Economics (Vol. 8). https://doi.org/10.1016/0169-5150(93)90040-J
• Calvo, D. F.. "Argentina: Trade Reform, 1976-1982", in Shephered and Langonied (eds.), Trade Reform: Lessons From Eight Countries, International Center for Economic Growth Publication, California, 1991, PP. 27-40.
• Calvo, G.A., "On the costs of Temporary Liberalization/StabilizationExperiments", in M. Connolly and C. Gonzalez (eds.). Economic Reform and Stabilization in Latin America, Praeger, New York City, New York, 1987.
• Carbo and Jaime de Melo, "Liberalization and Stabilization in the Southern Cane of Latin America: Overview and summary", World Development 13, August 1985, PP. 5-15.
• Cordell, W. Max, "Protection and Liberalization: A Review of Analytical Issues," IMF Occasional Paper No. 54, International Monetary Fund, Washington D.C., 1987.
• Dornbusch, R. (1992). The Case for Trade Liberalization in Developing Countries. In Journal of Economic Perspectives (Vol. 6). https://doi.org/10.1257/jep.6.1.69
• Edwards, S., "Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experience with Free Market Policies", Economic Development and Cultural Change, No. 33, January 1985.
• Fisher, "Economic Growth and Economic Policy", in V. Carbo, et al. (eds.), Growth Oriented Adjustment Programs, IMF-World Bank, Vashington D.C., 1987.
• Hachette. D., "Chile: Trade liberalization since 1974", Opcit, pp. 41-54.
• Jomo, K. S., & Von Arnim, R. (2012). Economic Liberalization and Constraints to Development in Sub-Saharan Africa. Good Growth and Governance in Africa: Rethinking Development Strategies, (67). https://doi.org/10.1093/acprof:oso/9780199698561.003.0017
• Katrak, H. (2000). Economic liberalization and the vintages of machinery imports in developing countries: An empirical test for India’s imports from the United Kingdom. In Oxford Development Studies (Vol. 28). https://doi.org/10.1080/713688317
• Kruger, A.. Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences, National Bureau of Economic Research. New York City, 1978.
• Kruger. A. 0.. "Problems of Liberalization". in A. Harbergered, World Economic Growth, ICS Press. San Fratiesisco, California, 1984,
• Kurilla, I. (2011). Trade and Transformation, 1832-1850. PONARS Eurasia, 2(July).
• Mackinnon, R. E., The International Capital Market and Economic Liberalization in LDCsn. The Developing Economies, No. 22, December 1984, PP. 476-481.
• Ministry of Trade, Export Promotion in Industry (Addis Ababa) 1989 (Amharic Version).
• ONCCP, The First Five Years (1990-94) and The 1990 Annual Development Plan, Addis Ababa Vol. 1 (Amharic Version) p. 53.
• The Order of Economic Liberalization, Financial Control in the Transition to a Market Economy, Johns Hopkin University Press, London, 1991.
• Matambalya, F., & Wolf, S. (2001). Economic Liberalisation and Employment in South Asia ZEF. Development Policy Bonn, (42).
• Simmons, B., Dobbin, F., & Garrett, G. (2007). Introduction : the diffusion of liberalization.
• Vi, C. (2002). Economic liberalization and poverty reduction.
• Wacziarg, R., & Welch, K. H. (2008). Trade liberalization and growth: New evidence. World Bank Economic Review, 22(2), 187–231. https://doi.org/10.1093/wber/lhn007
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Eprem Ahadu, Ageze Chufamo
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
- Papers must be submitted on the understanding that they have not been published elsewhere (except in the form of an abstract or as part of a published lecture, review, or thesis) and are not currently under consideration by another journal published by any other publisher.
- It is also the authors responsibility to ensure that the articles emanating from a particular source are submitted with the necessary approval.
- The authors warrant that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required.
- The authors ensure that all the references carefully and they are accurate in the text as well as in the list of references (and vice versa).
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Attribution-NonCommercial 4.0 International that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.