INDUSTRIAL POLICY, TRADE OPENNESS AND ECONOMIC GROWTH NEXUS: AN EXPLORATORY REVIEW
Journal Title: Proceedings on Engineering Sciences - Year 2020, Vol 2, Issue 2
Abstract
Trade openness is commonly viewed as one of the engines of economic growth. Hence, it is not surprising that several countries have taken measures to ensure that their industrial and trade policies permit some form of trade openness. This study analyses the relationship between trade openness and economic growth, highlighting some of the controversies on the effects of trade openness. From the existing literature, it is evident that the effects of trade openness are not always positive and significant, hence a closer investigation of the relationship between trade openness and economic growth is vital. Based on the findings, this paper recommends that policy makes must first address the enabling factors to ensure significant positive benefits from trade openness. This implies that countries must prioritise the aligning of their trade and industrial policies with trade facilitation, financial development, industrialisation, technological advancement and infrastructural development.
Authors and Affiliations
Malefa Rose Malefane
Keywords
Related Articles
- EP ID EP682969
- DOI 10.24874/PES02.02.007
- Views 219
- Downloads 0
EMOTIONAL INTELLIGENCE AND JOB PERFORMANCE OF MAURITIAN EMPLOYEES IN THE ERA OF TRANSFORMATIVE MARKETING
The purpose of this study is to examine the effect of emotional intelligence on job performance among Mauritian employees in the private sector. Furthermore, the study examined whether job satisfaction is a significant m...
MANAGING QUALITY ASSURANCE PROCESS FOR THE ATTAINMENT OF EDUCATIONAL OBJECTIVES IN SECONDARY SCHOOLS IN NIGERIA
This study investigated managing quality assurance process for the attainment of educational objectives in secondary schools in Nigeria. The objectives of this study are to examine the relationship between adequate fundi...
DEPLOYING BACKGROUND SUBTRACTION APPROACH FOR TRACKING AND DETECTING MOVING OBJECTS
This paper illustrates the deployment of the background subtraction (BGS) approach in detecting and tracking the targeted moving objects (MOs). Through the BGS method, there is a potential of cost-saving because the proc...
BIOMASS ENERGY FOR PRODUCTIVE USE IN THE OLIVE OIL AND OTHER AGRICULTURE SECTORS IN ALBANIA
The paper is focusing on demonstrating technical and financial viability of biomass projects and enhancing awareness and strengthening capacities for key actors in the policy and industrial sector (in the olive oil and o...
EFFECT OF ECOLOGICAL AWARENESS, PERSONAL NORMS AND ECOLOGICAL ATTITUDE TO CONSERVATION BEHAVIOR
This research aims to analyze the conservation behavior that becomes the new lifestyle of consumers. The need for the preservation of consumers and green products further increases consumer demand. This study examines th...