Globalisation and Trade: The Implications for Exports from Marginalised Economies

Abstract

Why has growth, especially in exports, in low-income developing and transitional countries been low relative to the rest of the world? Why is it that such countries appear not to be benefiting from globalisation? These are the questions addressed by the studies in this collection, and the answers can underpin new approaches to export promotion. Policies to promote investment - in firms, in labour, in infrastructure - are at least as important as the economic liberalisation that has taken place. Ownership and governance structures of firms underpin their ability to integrate into the global economy. The nature of relationships with buyers and distributors in the more developed markets can determine how they are integrated. There is potential to expand and diversify the exports of marginalised economies, and the research offers pointers to how this can be achieved.

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