Trade Liberalization Sequence for Sustained Economic Growth

23 Pages Posted: 23 Jan 2011

See all articles by Pak-Hung Mo

Pak-Hung Mo

Hong Kong Baptist University (HKBU)

Date Written: January 21, 2011

Abstract

This paper delivers a simple model to generalize the successful trade liberalization experiences in East Asian countries as a strategy for attaining inclusive and sustained economic growth. The sequential approach, based on preserving existing production units while liberalizing trade-oriented production sectors and FDI, can be understood as a way to promote international interactions and learning by practice, to extend the limit of market and sources of capital and to introduce market incentive and pressure on all related agents for attaining dynamic efficiency. It provides a regular liberalization sequence is available to ignite and sustain economic growth for most lagged economies.

Keywords: Trade liberalization, Sustained economic growth

JEL Classification: F3, O1, F4, O4

Suggested Citation

Mo, Pak-Hung, Trade Liberalization Sequence for Sustained Economic Growth (January 21, 2011). Available at SSRN: https://ssrn.com/abstract=1744683 or http://dx.doi.org/10.2139/ssrn.1744683

Pak-Hung Mo (Contact Author)

Hong Kong Baptist University (HKBU) ( email )

Department of Economics
Kowloon, Hong Kong
Hong Kong

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