Pinelopi Goldberg Michele Ruta
For decades, international trade has been a powerful engine of development. Countries like South Korea and China achieved remarkable transformations – moving from low-income agricultural economies to industrial powerhouses within a generation. This column argues that today’s developing countries are unlikely to be able to replicate these success stories. International trade will continue to be important for economic performance, but the conditions that enabled export-led growth miracles are fundamentally changing, with profound implications for development policy.
Πηγή: Voxeu