The Trade-Growth Nexus in Taiwan’s Development
There are many convincing arguments in the development literature as to why trade is important for growth. These range from the well-known static gains from trade — which Samuelson acknowledged to hold as possibly the only proposition in economics both non-trivial and true — to such dynamic elements as accommodating the vent for surplus of previously idle resources (including labor) and to trade as the critical carrier of both the Smithian and Schumpeterian types of technology change.
KeywordsSugar Europe Petroleum Transportation Rubber
Unable to display preview. Download preview PDF.
- Galenson, W. (ed.), 1979. Economic Growth and Structural Change in Taiwan: The Postwar Experience of the Republic of China. Ithaca, NY.: Cornell University Press.Google Scholar
- Ho, Samuel P.S., 1977. Economic Development of Taiwan, 1860-1970, New Haven, CT.: Yale University PressGoogle Scholar
- Hymer, S. and S. Resnick, 1969. “A Model of An Agrarian Economy with Nonagricultural Activities,” The American Economic Review, 59: 493–506.Google Scholar
- Liang, Kuo-shu and Ching-ing Hou Liang, 1976. “Exports and Employment in Taiwan,” in Institute of Economics, Academia Sinica, Conference on Population and Economic Development in Taiwan, Taipei, 1976: 192–246.Google Scholar
- Lin, C.-Y., 1973. Industrialization in Taiwan, 1946-72: Trade and Import-Substituting Policies for Developing Countries. New York: Praeger.Google Scholar
- Little, Ian M. D., 1979. “An Economic Reconnaissance,” in W. Galenson (ed.), op. cit, Chapter 7. Ithaca, NY.: Cornell University Press: 448–507.Google Scholar
- Pack, H., 1992, “New Perspectives on Industrial Growth in Taiwan,” in G. Ranis (ed.), Taiwan: From Developing to Mature Economy. Boulder, CO: Westview Press.Google Scholar
- Resnick, S., 1970. “The Decline of Rural Industry under Export Expansion: A Comparison Among Burma, Philippines and Thailand, 1870-1938,” Journal of Economic History 30: 51–73.Google Scholar
- Thorbecke, E., 1979. “Agricultural Development,” in W. Galenson (ed.), op. cit., Chapter 2. Ithaca, N.Y.: Cornell University Press: 132–205.Google Scholar
- World Bank, 1993, The East Asian Miracle: Economic Growth and Public Policy. New York: Oxford University Press.Google Scholar