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TWO ASPECTS OF THE EXPORT OF MANUFACTURED GOODS FROM DEVELOPING COUNTRIES
Author(s) -
MURAKAMI ATSUSHI
Publication year - 1968
Publication title -
the developing economies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.305
H-Index - 30
eISSN - 1746-1049
pISSN - 0012-1533
DOI - 10.1111/j.1746-1049.1968.tb00965.x
Subject(s) - industrialisation , developing country , order (exchange) , section (typography) , international economics , international trade , economics , export performance , business , international market , market economy , economic growth , finance , advertising
In this paper the author aims to identify the existence of two types of export markets of manufactured goods from developing countries, and then to argue for the necessity of two corresponding export policies. The major theories of industrialization policy are outlined in Section I. This description reveals the fact that in order to overcome difficulties in import substitution, export‐oriented industrialization is required. In Section II, a case study is undertaken to show the existence of two export markets— those of developed and developing countries—available to developing countries. Here the author tries to indicate that the difference between export markets is related to the features of the export commodities throughout countries studied. As long as two export markets exist, export policy also should have two aspects. Directions of and recommendations for export policy in relation to both aspects are discussed in Section III.