{"product_id":"economic-growth-and-development-in-china-international-trade-and-the-big-push-von-vivien-groning","title":"Economic Growth and Development in China","description":"\u003cp\u003eSeminar paper from the year 2006 in the subject Business economics - Miscellaneous, University of Hamburg, language: English, abstract: If the need for a ¿Big Push¿ survives in an economy that is open to international trade\u003c\/p\u003e\u003cp\u003eand capital movements, or if openness to trade and capital movements is sufficient to\u003c\/p\u003e\u003cp\u003eovercome all poverty traps, these questions have daunted development economics\u003c\/p\u003e\u003cp\u003esince its inception (Jaime et al. 1997).\u003c\/p\u003e\u003cp\u003eIn the last two hundred years, every country with high development and productivity\u003c\/p\u003e\u003cp\u003erates has industrialised. While in the eighteens century Britain, and in the twenties\u003c\/p\u003e\u003cp\u003ecentury Korea and Japan grew rich, other countries remained poor. One of the\u003c\/p\u003e\u003cp\u003ediscussed causes for this underdevelopment might be the small domestic market.\u003c\/p\u003e\u003cp\u003eWhile the idea started with Rosenstein-Rodan (1943)1, who thought the solution would\u003c\/p\u003e\u003cp\u003ebe aid and investment programs, since the 1960s advocates tend to the Idea that\u003c\/p\u003e\u003cp\u003eopenness of the economy resolve the problem of a small domestic market. The theory\u003c\/p\u003e\u003cp\u003eis that openness would induce an export-led ¿Big Push¿ in terms of simultaneous\u003c\/p\u003e\u003cp\u003egrowth over different sectors (Murphy et al.1989, p.1003).\u003c\/p\u003e\u003cp\u003eIn the current discussion the ¿Big Push¿ induced by aid has its comeback in the\u003c\/p\u003e\u003cp\u003eMillennium Development Goals from the UN (Easterly 2005, p.3). The focus of this\u003c\/p\u003e\u003cp\u003epaper is on the East Asian countries, where the export-promotion-policy had had an\u003c\/p\u003e\u003cp\u003eimportant role. But Trindade (2005, p.41) was the first author who interpreted the\u003c\/p\u003e\u003cp\u003ecoordination-problem as solvable with solely export-promotion, because of the naturally\u003c\/p\u003e\u003cp\u003ecoordination effect of exports (Asche, 2005, p.24 gloss 28). So the question is not if\u003c\/p\u003e\u003cp\u003eexports are good for an economy, but if exports can induce a ¿Big Push¿ and thus\u003c\/p\u003e\u003cp\u003emaking aid superfluously.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640510856\"\u003e\u003ch3\u003eInternational Trade and the \"Big Push\"\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640510856","offer_id":39429671747677,"sku":"9783640510856","price":18.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/2b8124dd-496e-442e-8346-2c4334a1ead5.jpg?v=1777614755","url":"https:\/\/shop.autorenwelt.de\/products\/economic-growth-and-development-in-china-international-trade-and-the-big-push-von-vivien-groning","provider":"Autorenwelt Shop","version":"1.0","type":"link"}