Sustaining export-oriented development
Subtitle: ideas from East Asia
By: [edited by] Ross Garnaut, Enzo Grilli, James Riedel.
Contributors: Garnaut, Ross.; Grilli, Enzo R.; Riedel, James.
Series: Trade and development; Trade and development (Cambridge, England)
Publisher: Cambridge University Press
Published: 1995
Place of publication: Cambridge; New York
Language: eng
Number of pages: 383
Subjects: Exports -- East Asia.; Foreign trade promotion -- East Asia.; International trade.; Economic development.; East Asia -- Commercial policy.; East Asia -- Economic conditions.
Description: Sustaining Export-Oriented Development looks at the East Asian economies' postwar development and assesses the prospects and constraints to continuing at its current pace. The possibilities of transferring East Asian development elsewhere are also considered.

While there is no single East Asian model, common elements are identified: an abundance of low-wage labour and free labour markets, an emphasis on health and education, trade liberalisation and export-oriented policies, financial market liberalisation (providing an environment conducive to private saving and investment), efficient capital utilisation and a focus on sound infrastructure.

Written by leading economists, the book traces the changes in the thinking of policymakers and advisers about the policies required for economic development. In particular, it examines the shift in emphasis from import-substitution to outward orientation that has coincided with the East Asian economies' success.
Notes: Includes bibliographical references (p. [339]-365) and index.