Why have exports from poorer countries failed to increase more rapidly following trade liberalization? What can be done to improve performance? Research on the response of firms in the private sector to economic reform can underpin new approaches to export promotion for poorer developing countries. For a long time, protective trade policies, poorly performing state-owned industries and state controls over the private sector were blamed for poor export performance in Africa and south Asia. Now that some of these problems have been remedied, other obstacles have come to light. The effect of economic liberalization and adjustment on the performance of poor countries has been cause for concern. Trade liberalization should increase incentives to export and facilitate business enterprise by encouraging private ownership through privatization and by attracting foreign investment. Macro-economic stability ought to boost business confidence and performance. All these factors should promote exports, offsetting job and income losses caused by the closure or reorganization of inefficient enterprises and industries yet, although some degree of reform and stability it is without export growth that was expected.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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