Citation

Discussion Paper Details

Please find the details for DP1782 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Agglomeration and Economic Development: Import Substitution Vs. Trade Liberalization

Author(s): Diego Puga and Anthony Venables

Publication Date: January 1998

Keyword(s): Agglomeration, import substitution, Linkages and Trade Liberalization

Programme Area(s): International Trade and Regional Economics

Abstract: This paper analyses a model of economic development in which international inequalities in the location of industry and income are supported by the agglomeration of industry in a subset of countries. Economic development may not be a gradual process of convergence by all countries, but instead involves countries moving sequentially from the group of poor countries to the group of rich countries. The role of trade policy in promoting industrialization is studied. While both import substitution and unilateral trade liberalization may be ?successful? in attracting industry, they attract different sectors and welfare levels are higher under trade liberalization.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1782

Bibliographic Reference

Puga, D and Venables, A. 1998. 'Agglomeration and Economic Development: Import Substitution Vs. Trade Liberalization'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1782