Alternatives of Foreign Trade Policy in the Developing Countries in the Context of Searching the Ways to Reduce Poverty
Journal Title: Journal of European Economy - Year 2017, Vol 16, Issue 3
Abstract
The problem of developing countries’ choice of the optimal foreign trade strategy through the prism of poverty reduction is considered. Attention is focused on the arguments in favour of free-trade and protectionism, as well as the positive and negative consequences of implementing the export-oriented growth strategy. The main conceptual approaches to the study of the impact of international trade liberalization on the economic situation of the developing countries are grouped together. Based on the analysis, it has been shown that the concept of ultra-liberalism is unacceptable for the development of Periphery countries in the context of increasing their welfare. The focus is on the implementation of an export-oriented strategy for the development of poor countries, and these groups of Periphery countries are presented, where this strategy can be successful. The main reasons for the low efficiency of export expansion of developing countries are determined, and the directions of its increase are proposed, which concern, first and foremost, the need for the internal institutional transformation of these countries.
Authors and Affiliations
Viktoria Adamyk
Keywords
Related Articles
- EP ID EP305525
- DOI -
- Views 136
- Downloads 0
Inter-State Budgetary Diffusion in Supranational Union
The article proposes new category that can be employed to describe fiscal interactions among member-states of supra(inter)national union – inter-state budgetary diffusion. We present basic conceptual features and spheres...
Promulgation of the Macroprudential Regulation and the Guidelines for the NBU Acroprudential Policy
Post-crisis spread of macroprudential regulation requires some generalizations and identification of the ways of adapting it to Ukraine. Current consensus about taxonomy and functionality of macroprudential toolkit is co...
The EU Growth Potential and Offsetting Brexit. Is Accession of Ukraine a Suitable Option?
The development of the European economy in the 21st century will be determined by many exogenous and endogenous factors. Most of the EU countries are highly competitive and have good indicators of innovative development...
Benchmarking - the Instrument of Competitive Advantages Development
The theoretical foundations of benchmarking and its application and vectors of development in the economy are substantiated. The concept and types of benchmarking, methods of research, analysis of environment, developmen...
The Transformation of Financial Reporting from the Perspective of Theory and Practice – Main Directions of Changes in the 21st Century
The existing financial information, presented in a traditional financial statement is insufficient for the stakeholders functioning in the conditions of market economy focused on knowledge and information; therefore fina...