trade policy in developing countries
DESCRIPTION
Trade Policy in Developing Countries. Developing Countries According to the IMF (” Graduated ” economies in red). Tariff Rates in Developing Countries. Source: World Bank. The Asian Takeoff. Source: Total Economy Database. Asia’s Surging Trade. Export Processing Zones. - PowerPoint PPT PresentationTRANSCRIPT
TRADE POLICY IN DEVELOPING COUNTRIES
11-1
DEVELOPING COUNTRIES ACCORDING TO THE IMF (”GRADUATED” ECONOMIES IN RED)
11-2
TARIFF RATES IN DEVELOPING COUNTRIES
Source: World Bank. 11-3
THE ASIAN TAKEOFF
Source: Total Economy Database. 11-4
ASIA’S SURGING TRADE
11-5
EXPORT PROCESSING ZONES
THE EPZ MODEL IS A VERY POPULAR FORM OF INDUSTRIAL
POLICY
The number of EPZs keeps growingMore than half of the world’s countries have them
There are around 3,000 - 5,000 EPZs in the world today
Douglas Zhihua Zeng, “How Do Special Economic Zones and Industrial Clusters Drive China’s Rapid Development?,” Policy Research Working Paper 5583, the World Bank.
PHILIPPINES:
POLAND
SIMPLE EPZ MODEL
A country: Solid boundary of import tariffs
Carve out a piece of land where the tariffs do not apply
EPZ!
EPZ
FDI
EXPORTS
IMPORTS
LABOR
INTERMEDIARIES UTILITIES
MULTINATIONALS
DOMESTIC FIRMS
WAGES
FOREIGN EXCHANGE
KNOW-HOW NETWORKS
MULTINATIONALS
DOMESTIC FIRMS
SINGLE FACTORY ZONES
SINGLE FACTORY ZONES
SINGLE FACTORY ZONES