Discussions on the development problems of commodity producing countries have been dominated by proposals for stabilizing world prices of commodities, in particular via the establishment of a “Common Fund” within the framework of UNCTAD’s Integrated Program for Commodities. Professor Ahmad...

The paper undertakes a preliminary economic analysis of the recently proposed East Asian Economic Community. The proposal envisages that the core of the Economic Community would include the ten member countries of the ASEAN free trade area (AFTA) and the three North-East Asian economies, namely,...

The developing countries currently enjoy preferential entry on designated exports of manufactures under the Canadian Scheme of Generalized Preferences introduced in 1974. This paper makes a quantitative assessment of the erosion of such preferential margins likely to result from current...

This paper explores in quantitative terms the potential effects on trade flows as a result of Canadian tariff preferences in favor of the developing countries instituted in 1974. The paper develops a model of trade creation and trade diversion due to preferences based on imperfect substitution,...

This paper investigates whether a J-curve can be detected in the time series data on China's bilateral trade with the G-7 countries. It utilizes cointegration and causality tests to ascertain the long-run relatedness, and the short-run dynamics, between the real exchange rate, national income,...

This paper takes a closer look at the dualistic nature of labor and credit markets in developing countries in so far as their functioning is relevant for labor absorption in small scale industry. The potential for absorption of excess labor from the ¡°informal¡± urban market in the small...

[eng] IMPORT SUBSTITUTION AND THE GROWTH OF EXPORTS AN ECONOMETRIC TEST. . In the traditional analysis, import substitution policies in the less developed economies are believed to be in conflict with the growth of exports. This paper argues that the presumed conflict between import substitution...