This book is a timely re-examination of the role of trade policy in development strategies. This has required selectivity in trade policy and an activist exchange rate policy. The book also places the current trade policy debates in the context of the international policy environment that is emerging in an increasingly globalized world economy.

Foreword; M.R.Agosin & D.Tussie - Notes on the Contributors - PART 1: DEVELOPING COUNTRIES IN THE INTERNATIONAL TRADING SYSTEM - Futures for the World Trading System and Implications for Developing Countries; R.Z.Lawrence - The Uruguay Round and the Trading System in the Balance: Dilemmas for Developing Countries; D.Tussie - PART 2: NEW APPROACHES AND POLICY OPTIONS - Trade Policy Returns and Economic Performance: Empirical Experience; M.R.Agosin - The New Theories of International Trade and Trade Policy in Developing Countries; J.A.Ocampo - Does Financial Liberalization improve Trade Performance?; Y.Aky z - PART 3: COUNTRY STUDIES IN TRADE POLICY REFORM - Trade Liveralization in Chile: Experiences and Prospects; R.Ffrench-Davis, P.Leiva & R.Madrid - Trade Policy and Economic Performance in South Korea; A.H.Amsden - Trade Policies and Growth in Turkey in the 1980s; E.Uygur - Structural Adjustment in Mexico: Two Different Stories; A.T.Kate - Trade Liberalization in a High-inflation Economy: Argentina 1989-91; M.Damill & S.Keifman - Index