Determinants of Trade Orientation in Less Developed Countries |
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| Authors: | Tomoaki Nomi |
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| Affiliation: | Tomoaki Nomi;is a PhD candidate in political science at the University of North Carolina, Chapel Hill. His dissertation is on the external and internal constraints on the industrialization strategies of the East Asian NICs. |
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| Abstract: | The success of East Asian Newly Industrializing Countries often has been attributed to their outward-oriented trade strategies. Cross-national analysis of trade orientation reveals that the degree of export-oriented industrialization (measured as manufacturing exports as a percentage of gross domestic product) is associated closely with relative factor endowments. While Singapore and Taiwan are more outward oriented than expected by the cross-national norm, Hong Kong is less outward oriented than expected. |
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