How and How Far to Liberalise a Developing Economy



Many of the developing countries have chosen free trade as their development strategy and been vigorously implementing liberalised trade and investment policies for the last two decades or so. Liberalisation involves both inflow of foreign capital and reduction of protection of domestic industries, structural reforms like deregulating the labour market and integrating the domestic market with the world market.


Labour Market Wage Rate Informal Sector Formal Sector Foreign Capital 
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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of CalcuttaKolkataIndia
  2. 2.Department of EconomicsBehala CollegeKolkataIndia

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