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Economic liberalization: openness and integration, but what kind ?

Author: Penrose, Edith Tilton INSEAD Area: Economics and Political ScienceIn: Development Policy Review, vol. 10, no. 3, September 1992 Language: EnglishDescription: p. 237-254.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: Argues that "economic liberalization" as a condition of aid is misplaced insofar as unrestricted "openness" to import of goods and capital is demanded. The international economic system is extensively bureaucratized and controlled in creating severe barriers to new entry except in alliance with existing multinational companies. Hence governments have an important role to play
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Argues that "economic liberalization" as a condition of aid is misplaced insofar as unrestricted "openness" to import of goods and capital is demanded. The international economic system is extensively bureaucratized and controlled in creating severe barriers to new entry except in alliance with existing multinational companies. Hence governments have an important role to play

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