Table Of ContentTRADE AND DEVELOPMENT
Also by V. N. Balasubramanyam
CURRENT ISSUES IN DEVELOPMENT ECONOMICS (editor with
Sanjaya Lall)
TOPICS IN POLICY APPRAISAL: VOLUME 2
Also by D. Greenaway
CURRENT ISSUES IN INTERNATIONAL TRADE: THEORY AND
POLICY (editor)
CURRENT ISSUES IN MACROECONOMICS (editor)
ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE
(editor)
GLOBAL PROTECTIONISM (editor with Robert C. Hine. Anthony P.
O' Brien and Robert J. Thornton)
INTERNATIONAL TRADE POLICY: FROM TARIFFS TO THE NEW
PROTECTIONISM
PIONEERS OF MODERN ECONOMICS IN BRITAIN: VOLUMES I
AND 2 (editor with John R. Presley)
TRADE AND FISCAL ADJUSTMENT IN AFRICA (with David
Bevan. Paul Collier and Norman Gemmell)
TRADE AND INDUSTRIAL POLICY IN DEVELOPING
COUNTRIES: A MANUAL OF POLICY ANALYSIS (with Chris
Milner)
Trade and Development
Essays in Honour of Jagdish Bhagwati
Edited by
V. N. Balasubramanyam
Professor ofD evelopment Economics
Lancaster University
and
D. Greenaway
Pro-Vice-Chancellor and Professor of Economics
University ofN Ollingham
Palgrave
macmillan
© V. N. Balasubramanyam and D. Greenaway 1996
*
Softcover reprint ofthe hardcover 1s t edition 1996
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Contents
Acknowledgements vii
Notes on the Contributors ix
Conference Participants xi
Introduction V.N. Balasubramanyam and David Greenaway xiii
PART ONE INTERNATIONAL FACTOR MOVEMENTS
1 Foreign Direct Investment, Trade Policy and Economic
Growth V.N. Balasubramanyam, M.A. Salisu
and David Sapsford 3
2 Food Aid and Food Production: A Theoretical Analysis
Sajal Lahiri and Pascalis Raimondos 22
3 On the Microeconomics of Return Migration Oded Stark 32
4 Foreign Trade Policies, Domestic Competition and
the Benefits of Imported and In-house Technologies
in the Newly Industrialising Countries Homi Katrak 42
PART TWO TRADE POLICY
5 Neutrality and Export Promotion: Issues, Evidence
and Policy Implications Chris Milner and Andrew McKay 61
6 Trade Liberalisation and Economic Development:
The Asian Experience - Turkey, Malaysia and India
Subrata Ghatak and Utku Utkulu 81
7 People Who Live in Greenhouses Martin Wolf 117
PART THREE INTERNATIONAL INSmUTIONS
8 Multilateral Institutions and Unilateral Trade Liberalisation
in Developing Countries David Greenaway
and Oliver Morrissey 135
9 Possible Developing Country Impacts from
a Competition Policy Negotiation Carlo Perroni
and John Whalley 161
v
vi Contents
PART FOUR COUNTRY-SPECIFIC STUDIES
10 Macroeconomic Management in India, 1964-94
Vijay Joshi and Ian Linle 171
11 Trade Policy in Transition: The China Story
Alasdair MacBean 195
Index 215
Acknowledgements
We gratefully acknowledge the generous financial support for the
conference on Trade and Development in honour of Jagdish Bhagwati
provided by Mr Ivan Wheatley of the Management Development Division
of the Management School, Lancaster University and the Economic and
Social Research Council of the UK. We would also like to thank Carol
Barlow for her assistance with the organisation of the conference and her
editorial assistance for this volume.
vii
Notes on the Contributors
V.N. Balasubramanyam is Professor of Development Economics, Lancaster
University .
Subrata Ghatak is Senior Lecturer in Economics, University of Leicester.
David Greenaway is Pro-Vice-Chancellor and Professor of Economics,
University of Nottingham.
Vijay Joshi is Fellow of Merton College, Oxford University.
Homi Katrak is Reader in Economics, University of Surrey.
Sajal Lahiri is Professor of Economics, University of Essex.
Ian Little is Emeritus Professor, Oxford University.
Alasdair MacBean is Emeritus Professor, Lancaster University.
Andrew McKay is Lecturer in Economics, University of Nottingham.
Chris Milner is Professor of International Economics, University of
Nottingham.
Oliver Morrissey is Senior Lecturer in Economics, University of
Nottingham.
Carlo Perroni is Lecturer in Economics, University of Warwick.
Pascalis Raimondos is Associate Professor, Economic Policy Research Unit,
Copenhagen Business School.
M.A. Salisu is Research Fellow, Lancaster University.
David Sapsford is Professor of Economics, Lancaster University.
Oded Stark is Professor of Economics, University of Oslo.
Utku Utkulu is Research Fellow, University of Leicester.
John Whalley is Professor of Economics, University of Warwick.
Martin Wolf is Deputy Editor, The Financial Times, London.
ix
Conference Participants
The following participants attended the conference held on 9 and 10
December 1994 at Lancaster House Hotel, to celebrate Jagdish Bhagwati's
sixtieth birthday:
Karim Abouzahr, New College, Oxford University
Melinda Acutt, Lancaster University
V.N. Balasubramanyam, Lancaster University
Maya Balasubramanyam, Imperial College of Science
Rajeev Balasubramanyam, Oriel College, Oxford University
Carol Barlow, Lancaster University
Jagdish Bhagwati, Columbia University
Peter Buckley, University of Bradford
Neil Corless, Lancaster University
10& Galsasb, New College, Oxford University
Subrata Ghatak, Leicester University
David Greenaway, CREDIT and University of Nottingham
Vijay Joshi, Merton College, Oxford University
Homi Katrak, University of Surrey
Sajal Lahiri, University of Essex
Ian Little, Nuffield College, Oxford University
Alasdair MacBean, Lancaster University
Andrew McKay, CREDIT and University of Nottingham
Chris Milner, CREDIT and University of Nottingham
Oliver Morrissey, CREDIT, University of Nottingham
Sheila Page, 001
Mohammed Salisu, Lancaster University
David Sapsford, Lancaster University
Nick Snowdon, Lancaster University
Oded Stark, University of Oslo
Vivek Tandon, University College London and British Telecom
Subidey Togan, Bilkent University, Turkey
John Whalley, University of Warwick
Martin Wolf, The Financial Times, London
xi
