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Foreign Trade: Foreign Trade Problems in Planned Economic Development

  • Hiroshi Kitamura
Part of the International Economic Association Series book series (IEA)

Abstract

Economic development planning has sometimes been criticized on account of its alleged bias towards autarky. The argument has been that inadequate attention is given to the advantages of international division of labour in the framework of planned economic development. It is evident that this criticism often implies certain assumptions about the psychological propensity on the part of the people engaged in planning towards controls that can be more easily exercised within the country than in its relations with foreign countries. I am not going into this aspect of the problem. Nor am I prepared to make an issue of the often repeated argument based on the alleged conflict between the planning principle and free trade. The time in which the problem was formulated in the categorical choice of free trade or autarky belongs to the past. This is reflected in Professor Viner’s statement that there is no inherent association in principle between economic planning and the reduction of trade volume.2

Keywords

Foreign Trade Capital Accumulation Capital Good Trade Flow Export Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 2.
    Jacob Viner, International Trade and Economic Development (Oxford, 1953), p. 86.Google Scholar
  2. R. F. Kahn, ‘The Pace of Development’, in The Challenge of Development (Jerusalem, 1958), p. 181.Google Scholar
  3. J. R. Hicks, ‘Reflections on the Economic Problems of Ceylon’, in Government of Ceylon, National Planning Council, Papers by Visiting Economists (Colombo, 1959), p. 14.Google Scholar
  4. See the classical article of Allyn A. Young, ‘Increasing Returns and Economic Progress’, Economic Journal, December 1928.Google Scholar
  5. 2.
    D. H. Robertson, ‘The Terms of Trade’, in Utility and All That and other Essays (New York, 1952), p. 175.Google Scholar
  6. See Jacob Viner, Studies in the Theory of International Trade (New York, 1937), p. 561.Google Scholar
  7. 2.
    Everett E. Hagen, ‘An Economic Justification of Protectionism’, Quarterly Journal of Economics, November 1958.Google Scholar
  8. 3.
    Jacob Viner, ‘Stability and Progress : The Poorer Countries’ Problem’ in D. Hague, ed., Stability and Progress in the World Economy (London, 1958), p. 61.Google Scholar
  9. Cf. J. R. Hicks, Essays in World Economics (Oxford, 1959), p. 182.Google Scholar
  10. Raul Prebisch forcefully puts forward this point of view in his paper, ‘Commercial Policy in the Under-developed Countries’, American Economic Review, Proceedings, May 1959, p. 264.Google Scholar
  11. See Gunnar Myrdal, An International Economy (New York, 1956), p. 292.Google Scholar
  12. 2.
    Gottfried Haberler, International Trade and Economic Development, National Bank of Egypt, 50th Anniversary Commemoration Lectures (Cairo, 1959), p. 28.Google Scholar
  13. See S. C. Hsieh and T. H. Lee, A Planning Model for Taiwan’s Economy, Taipei, November 1959.Google Scholar
  14. 2.
    Kiyoshi Kojima, ‘Economic Growth and the Optimum Ratio of Import Dependence’, in Trade and Tariffs, December 1959 and January 1960 (in Japanese).Google Scholar
  15. An earlier piece of analysis with a slightly different emphasis is now available in English : Kiyoshi Kojima, Economic Development and Import Dependence in Japan, Translation Series No. 5 (Tokyo, 1960).Google Scholar
  16. Henry Wallich, Some Notes Towards a Theory of Derived Development, a paper presented at the Third Meeting of Central Bank Technicians (Havana, 1952).Google Scholar
  17. See Surendra J. Patel, ‘Export Prospects and Economic Growth : India’, Economic Journal, vol. 69, September 1959.Google Scholar
  18. 2.
    J. R. Hicks, Essays in World Economics (Oxford, 1959), Supplementary Note B : ‘A Further Note on “Import Bias”’, p. 255.Google Scholar
  19. 4.
    Charles P. Kindleberger, Economic Development (New York, 1958), p. 243.Google Scholar
  20. Hla Myint, ‘The “Classical Theory” of International Trade and the Underdeveloped Countries’, Economic Journal, vol. 68, June 1958.Google Scholar
  21. 3.
    Harry G. Johnson, International Trade and Economic Growth (London, 1958), p. 81.Google Scholar
  22. Government of Ceylon, National Planning Council, Papers by Visiting Economists, Colombo, 1959.Google Scholar
  23. 2.
    Government of Ceylon, National Planning Council, The Ten- Year Plan (Colombo, 1959).Google Scholar
  24. P. Lamartine Yates, Forty Years of Foreign Trade (London, 1959), pp. 195–9.Google Scholar

Copyright information

© International Economic Association 1964

Authors and Affiliations

  • Hiroshi Kitamura
    • 1
  1. 1.United Nations Economic Commission for Asia and the Far EastThailand

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