This is one of few books on the quantitative assessment of trade liberalisation and its impact on micro and macro economics structure in developing countries. Addressing the prospects of economic growth at a macro level, gives a thorough analysis of various issues such as profitability of enterprises after liberalisation, structural change, imports and exports by sectors and regions, and the trade balances of developing countries. The aspects of terms of trade and the trade balances in African, Latin American and Asian economies are studied using econometric techniques.

Contents:

• Disciplining Firms: The Impact of Trade Reforms on Profit Margins in the Indian Industry (U S Kambhampati & A Parikh)
• Has Liberalisation Affected Profit Margins in the Indian Industry? (U S Kambhampati & A Parikh)
• Exports, Inward Foreign Direct Investment and Regional Economic Growth in China (H Sun & A Parikh)
• Impact of Trade Liberalisation on Import Demands in India: A Panel Data Analysis for Commodity Groups (R Mehta & A Parikh)
• Does Trade Liberalisation Accelerate Convergence in Per Capita Incomes in Developing Countries? (A Parikh & M Shibata)
• Dynamics of the Relationship Between the Terms of Trade and the Trade Balance in Developing Countries of Asia, Africa and Latin America (A Parikh & M Shibata)
• Relationship Between Trade Liberalisation, Economic Growth and Balance of Payments in Developing Countries (A Parikh & C Stirbu)
• Relationship Between Trade Liberalisation, Growth and Balance of Payments in Developing Countries: An Econometric Study (A Parikh)
• Instability and Volatility of Capital Flows to Developing Countries (A Gabriele et al.)

“It is excellent to see a volume written (with co-authors) by a careful, skilled econometrician, devoted to quantifying the effects that trade liberalization appears to have had … The answers given in the chapters of this book paint an interesting mix of positive and negative effects, where the detail often differs by continent and by period. The truth is found to be neither all good nor all bad — and the findings are qualified, where necessary, by a scrupulous declaration of technical and data difficulties that make inferences hazardous. Policy makers, and students of our ever-changing international economy, will find this a very valuable volume.”