Trade and Growth: A Theoretical Exploration into Foreign Debts by Nics

• Main Author: LEUNG, Hing-Man
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2000
• Subjects: Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/242
• Institution: Singapore Management University

This paper studies foreign debts of newly industrializing countries (NICs). These countries develop by imitating foreign technology and by exporting goods that are lower down the [`]quality ladder'. Differentiated by quality differences, such goods are often substitutes to those exported by adv...