Trade and Development Essays in Honour of Jagdish Bhagwati
All of the papers included in this volume were presented at a conference held at Lancaster University and were subsequently revised in the light of the comments received from Professor Bhagwati and others. The material in the essays is easily accessible t
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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 of Development Economics Lancaster University
and
D. Greenaway
Pro-Vice-Chancellor and Professor of Economics University of NOllingham
Palgrave macmillan
*
© V. N. Balasubramanyam and D. Greenaway 1996 Softcover reprint ofthe hardcover 1st edition 1996 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WlT 4LP. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. Published by PALGRAVE MACMILLAN Houndmills, Basingstoke, Hampshire RG21 6XS and 175 Fifth Avenue, New York, N. Y. 10010 Companies and representatives throughout the world PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin's Press, LLC and of Palgrave Macmillan Ltd. Macmillan is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. Outside North America
ISBN 978-1-349-25042-4
ISBN 978-1-349-25040-0 (eBook)
DOI 10.1007/978-1-349-25040-0
In North America ISBN 978-0-312-16146-0
This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. A catalogue record for this book is available from the British Library. Library of Congress Catalog Card Number: 96-7690 Transferred to digital printing 2003
Contents Acknowledgements
vii
Notes on the Contributors
ix
Conference Participants
xi
Introduction
V.N. Balasubramanyam and David Greenaway
PART ONE
INTERNATIONAL FACTOR MOVEMENTS
1 Foreign Direct Investment, Trade Policy and Economic Growth V.N. Balasubramanyam, M.A. Salisu and David Sap
