TRADE BETWEEN DEVELOPED AND DEVELOPING …
TRADE BETWEEN DEVELOPED AND DEVELOPING COUNTRIES': THE DECADE AHEAD Bela Balassa CONTENTS Introduction ............................... 8 1. TRADE policies and interdependence through TRADE in manufactured goods ............................... TRADE policies of DEVELOPED countries TRADE policies of DEVELOPING countries TRADE in manufactured goods BETWEEN DEVELOPED and DEVELOPING countries .............................. 13 ............... ............... 8 8 11 11. Multilateral TRADE liberalisation and the interests of DEVELOPED and DEVELOPING countries ........................ 16 TRADE liberalisation in DEVELOPING countries and DEVELOPED country interests .............................. 16 TRADE liberalisation in DEVELOPED countries and DEVELOPING country interests .............................. 19 TRADE negotiations BETWEEN the DEVELOPED countries and the newly- industrialising DEVELOPING countries.
As the possibilities for import replacement in the narrow markets of developing countries were increasingly exhausted, and the high economic cost of continued import substitution came to be recognized, several large Latin American countries,
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