REFERENCES OF THE NEW THEORY OF TRADE AND ECONOMIC GROWTH
Journal Title: CES Working Papers - Year 2012, Vol 4, Issue 4
Abstract
This paper shows that the dynamization of the traditional theory of international trade through the study of growth effects on the foreign trade in the framework of neoclassical analysis, alongside the approach with the Keynesian toolkit of the role of foreign trade as a factor of growth, have constituted the main aspects of the new theory of trade and economic growth. The “new theory” basically represents a set of theories and models of the type “growth-led export” or “export-led growth”, which explain the complex role of foreign trade in the dynamic of development, the new segments of international trade, and also provides base for trade strategies for development. Their typology includes: “import-substitution strategy”, “export-promotion strategy”, and more recently “outward oriented strategy”. In the context of regionalization and globalization of competition the author believes most appropriate the states’ option for a “outward - oriented competitive development strategy”.
Authors and Affiliations
Spiridon Pralea
Keywords
Related Articles
- EP ID EP135480
- DOI -
- Views 103
- Downloads 0
GAPS IN ECONOMIC DEVELOPMENT INTER AND INTRA EUROPEAN UNION STATES
Economic development is a subject that generates much controversy, mainly because of the widening gaps between poor and rich nations. In the present paper, we intend to identify and explain the differences that exist bot...
PROMOTING COMPETITIVENESS BY FIGHTING AGAINST ABUSES OF A DOMINANT MARKET POSITION
Competition is a basic mechanism of the market economy involving supply and demand. The legislative framework of the European competition policy is provided by the Treaty on the Functioning of the European Union (TFEU)(A...
BENCHMARKING – BETWEEN TRADITIONAL & MODERN BUSINESS ENVIRONMENT
The concept of benchmarking requires a continuous process of performance improvement of different organizations in order to obtain superiority towards those perceived as market leader’s competitors. This superiority can...
THE EU-US RELATIONS IN AN EMERGING MULTIPOLAR WORLD
In the context of an emerging multipolar world, the transatlantic partnership faces various challenges in the attempt to maintain the Western-shaped and dominated liberal order. This article aims to synthesize and ration...
COORDINATES AND REPRESENTATIONS OF ARCHITECTURE FOR A REGIONAL CROSS-BORDER DEVELOPMENT STRATEGY
The general objective of the wider research this paper is part of is to analyze in a multidisciplinary framework the economic development poles of the Romanian border areas and to identify the ways to building a vi...