1.1. THE PURPOSE OF THE STUDY This study deals with regional co-operation among developing By regional co-operation is countries and its potential benefits. meant any form of concerted action by the countries of a region aimed at a fuller utilization of their growth potential. Such con- certed action may consist of various kinds of economic policy measures regarding production, investment and foreign trade. In this sense, regional co-operation is to be regarded as a facet of the participating countries' overall development strategy. Unlike other studies in this field, dealing with integration among developing countries and focussing attention on the planning of such integra- tion (see, e.g., Mennes 1972), the present study concentrates on the effect of integration and co-ordination policies on the structure of intra-and extra-regional trade. Very often large differences exist among developing countries with respect to various aspects of economic development, e.g., the structure of demand, the structure of capital formation and the growth rates of individual sectors.
Such divergencies call for the utilization of a multi-country, multi-sector model that will enable a better co-ordination of production and investment policies. Atten- tion should thereby be given to the pattern of intra-regional specialization that will result from such a co-ordinated policy.
1. Introduction.- 1.1. The purpose of this study.- 1.2. The outline of the book.- 1.3. Some concluding remarks.- 2. Economic Development, Foreign Trade and Regional Integration.- 2.1. Theories of international trade and their applicability to foreign trade of developing countries.- 2.2. Economic development and foreign trade.- 2.3. Regional integration of developing countries.- 3. Foreign Trade in One-Country Models of Economic Development.- 3.1. Introduction.- 3.2. Foreign trade in the two-gap model.- 3.3. The import-minimum, export-maximum approach.- 4. A Regional Approach to Foreign Trade in Development Models.- 4.1. The two-gap approach in a regional framework.- 4.2. The import-minimum, export-maximum theory in a regional framework.- 4.3. Conclusion.- 5. A Survey of Multi-Country Models.- 5.1. Introduction.- 5.2. Trade and price variables in multi-country models.- 5.3. Multi-country models.- Appendix A: Prices in multi-country, input-output models.- 6. A Policy Model for Regional Trade and Development.- 6.1. Introduction.- 6.2. The basic model.- 6.3. The foreign trade relations.- 6.4. Relative price variables and the instruments of foreign trade policies.- Appendix B: Definition of variables.- 7. Development Characteristics and the Structure of Intra-Asean Trade.- 7.1. Introduction.- 7.2. Development characteristics of ASEAN countries.- 7.3. Macro-economic parameters.- 7.4. Import demand equations.- 7.5 A numerical exercise.- Appendix C: Composition of final demand in the ASEAN countries.- 8. Regression Analysis of Export Flows of Malaysia.- 8.1. Specification of commodities and demand variables.- 8.2. The results of the regressions.- 8.3. Summary of results and conclusions.- Appendix D: Statistical tables.- Appendix E: Results of regressions.- 9. A Statistical Analysis of Asean Foreign Trade.- 9.1. Discrepancies in ASEAN foreign trade statistics.- 9.2. The structure of ASEAN foreign trade.- 9.3 Revealed comparative advantage.- 10. Summary and Conclusions.- 10.1. The purpose of the study.- 10.2. The structure of the study.- 10.3. Conclusions.- Appendix F: Trade flow matrices, 1962-1968, in current prices according to import price data, million U.S. dollars.- References.
Series: Studies in Development and Planning
Number Of Pages: 245
Published: 31st July 1978
Publisher: Wolters-Noordhoff B.V.
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5
Weight (kg): 1.2