StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Export response to trade liberalisation in india: a cointegration analysis - Essay Example

Cite this document
Summary
Under global trade regime countries get the chance to indulge itself in specialization in the sphere of production. Global trade allows country to specialize in those goods, which they…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Export response to trade liberalisation in india: a cointegration analysis
Read Text Preview

Extract of sample "Export response to trade liberalisation in india: a cointegration analysis"

Download file to see previous pages

After setting up of WTO with an aim to enhance international trade to a large extent by demolishing all kinds of trade barriers imposed by individual countries, the member states of WTO has been making extensive efforts to liberalize their trade with each other and with other countries as well. India is not an exception. In India, efforts to liberalize trade by reducing different trade barriers have been started to be undertaken since the initiation of economic reform in this country during the decade of 1990s.

Trade liberalization nowadays is given significant importance for the reason that enhanced foreign trade is expected to boost the economic growth as well as the extent of exports of the country. Theory suggests a close link between foreign trade and economic growth. There have been a large number of theoretical and empirical works, which have tried to examine the link between international trade and economic growth. While a number of studies have found a positive association between enhanced international trade and economic growth, a large number of studies have also refuted the claim on the basis of their research that international trade facilitates economic growth.

The relationship trade liberalization and performance of the economy is a very controversial issue. (Edwards, 1998) It can be said without any doubt that trade is a very strong source of enhancing economic growth and in most of the countries, particularly in less developed or developing countries international trade is prominently prescribed as a measure of boosting economic growth. Nurske (1961) called international trade an “engine of growth”. Kravis (1970) also recognized the importance of foreign trade and called it “handmaiden of growth”.

Trade theorists like Bharwali, Thirlwall has also recognized trades great importance in the process of economic growth. They have found that international trade is very much

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Export response to trade liberalisation in india: a cointegration Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1552148-export-response-to-trade-liberalisation-in-india-a-cointegration-analysis
(Export Response to Trade Liberalisation in India: A Cointegration Essay)
https://studentshare.org/miscellaneous/1552148-export-response-to-trade-liberalisation-in-india-a-cointegration-analysis.
“Export Response to Trade Liberalisation in India: A Cointegration Essay”, n.d. https://studentshare.org/miscellaneous/1552148-export-response-to-trade-liberalisation-in-india-a-cointegration-analysis.
  • Cited: 0 times

CHECK THESE SAMPLES OF Export response to trade liberalisation in india: a cointegration analysis

Policy Regimes and Industrial Competitiveness

hellip; There are several examples from different divisions of the industrial sector of India and they all indicate that although turnovers have been huge they have remained limited to the extent of sales and distribution due to various factors causing the lesser impact of technological spillovers from multinational enterprises in india.... However, it is imperative to note that many of the assets besides infrastructure and equipment are mostly intangible, and most importantly, are usually in inadequate supply in host countries, such as international knowledge Particularly, economic development is not a simple notion, which has often been limited to the economic progress of a country in terms of its GDP; however, analysis (Borensztein & Lee, 1995, pp....
10 Pages (2500 words) Case Study

The Development Experience of the Newly Industrialised Countries

The Asian countries of india, China Korea, Taiwan, Hong Kong, Singapore, Indonesia, and Malaysia are notable examples of NICs and their dramatic successes in economic growth have often been referred to as the East Asian Miracle.... Other Asian countries like China and india have also achieved successes in economic growth.... Countries like China, india Singapore, and Hong Kong, however, stand out of the rest due to the rapid nature of their growth within a space of about 30 years....
10 Pages (2500 words) Coursework

International Economic- WTO

Assignment: Consider how we can identify and asses the economic benefits that might occur as a result of a successful conclusion to the current and recent trade negotiations at the WTO.... How can we use economics to identify the beneficiaries of the current failure to reach… The World trade Organization (WTO) has been the governance body on globalization issues related to international trade.... The WTO succeeded GATT as an international trade agreement organization but did not exactly replace it....
16 Pages (4000 words) Essay

The Development of the Fast Growing Asian Economy

The neo-classical theory explained that international trade could fulfill the gap of low domestic among various sectors in response to individual profit maximization.... The main idea of this paper under the title "The Trade Role in the Development of the Fast Growing" touches upon the appropriate policies, reforms, tariff structures, demand and supply analysis and coherence of trade policies with the developmental goals of the country supports the development of the economy....
8 Pages (2000 words) Coursework

Indian Financial Reforms Influencing the Bombay Stock Exchange

Specifically for india, the economy had to face several obstacles before starting to be developed in all its sectors.... The essay "Indian Financial Reforms Influencing the Bombay Stock Exchange" discusses the design and the operation of Stock Exchanges around the world are usually based on the policies set by the relevant governments in accordance primarily with the financial strength of the countries involved....
12 Pages (3000 words) Essay

Asian Nations Push Ideas for Trade

nbsp; The meeting was attended by 10 Southeast Asian countries, China, South Korea, Japan, india, Australia, and New Zealand.... nbsp; Furthermore, aside from the US, Japan pushed for bringing in other nations such as india, Australia, and New Zealand into the East Asian community.... The article ''Asian Nations Push Ideas for trade'' is about a proposal of Asian nations to create an EU-style trade bloc in Asia during a regional summit of Asian leaders in Thailand....
5 Pages (1250 words) Article

India Foreign Direct Investment (FDI) Analysis

The essay "India Foreign Direct Investment (FDI) Analysis" focuses on the FDI in india, since the prevalence of ethnic and linguistic diversity (Nayar, 2006) marks the uniqueness of India among all the other developing countries as an “instance of a pluralistic society” (Mishra & Nayak, 2006:9).... The multifaceted connotation of globalisation as a concept, policy and process describes and reflects increased economic interdependence of countries, which includes flows of goods and services across borders, reductions in policy and transport barriers to trade, international capital flows, multinational activity, foreign direct investment, outsourcing, increased exposure to exchange rate volatility and immigration....
6 Pages (1500 words) Essay

The European Union Trade Preferences towards Developing Countries

india, with EU should have the potential to make the FTA welfare rich for both the countries.... This paper will put its effort to examine the impact of EU trade preferences towards developing countries with special focus on india on the basis of existing literature.... Then, it will consider the general impact on developing countries as a whole and finally, it will put its special focus on india.... The paper “The European Union trade Preferences towards Developing Countries” presents the current trade model between the FTA members so that the increased trade between developing countries, e....
32 Pages (8000 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us