The relationship between export expansion and economic growth has been examined extensively during the last two decades in the context of the suitability of the alternative development strategies. The decade of the 1970s witnessed an emerging consensus in favour of export promotion as...

It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and the focus has now shifted to investigating the deeper determinants of economic growth. Two such forces are highlighted in the literature: institutions and...