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International Trade and Economic Development$
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Rajat Acharyya and Saibal Kar

Print publication date: 2014

Print ISBN-13: 9780199672851

Published to Oxford Scholarship Online: September 2014

DOI: 10.1093/acprof:oso/9780199672851.001.0001

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International Trade and Development Paradigms

International Trade and Development Paradigms

(p.6) 1 International Trade and Development Paradigms
International Trade and Economic Development

Rajat Acharyya

Saibal Kar

Oxford University Press

Interaction between international trade and the process of development is a complex one. The importance of international trade as a development strategy dates back to the writings in seventeenth and eighteenth century Europe, known as the Mercantilist ideas. Recognition of the benefits of international exchange along with the concern that certain domestic industries and economic agents would be harmed by foreign competition forms the core of the debates discussed in this chapter. It also discusses the tenets of the classical political economy of trade policies; export pessimism and inward-looking development strategies; development crises and globalization as a universal strategy; and the relationship between trade pollution and sustainable development.

Keywords:   Mercantilist theory, export, trade policy, political economy, globalization, crisis, pollution, sustainable development

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