Case Studies For South Korea, Mexico And Turkey

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Case studies for South Korea, Mexico and Turkey It seems that these literatures are quite inconclusive. Some researchers find a positive relationship; other studies identify no association, or even a pessimistic correlation. In order to discover the link between the trade openness and economic development, in what follows, we will conduct several case studies for South Korea, Mexico as well as Turkey to test the experiential validity of the different theories. To avoid the situation- just as Edwards (1993) discusses- put too much emphasis on exports, we include exports shares as well as import shares in GDP to do case study and believe that this is an important step to understand the association between international trade and economic growth. In addition to that, since most of the countries started with a significant degree of anti-export and anti-import prejudice, tariff reductions will also be mentioned in this section. Edwards (1993) once said that South Korea is one of best case of an outward oriented countries. In the early times, foreign investment in general was still limited in South Korea. Korean economy was witnessing strong government interference in international trade as well as government control in financial markets. Until the early 1990s, under the force from the World Trade Organisation (WTO), South Korea started to remove the trade restrictions, especially the import barriers on foreign manufacture goods. Also, during the time of economic crisis,

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