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The International Economic Environment: Into the 1990s The International Economic Environment: Into the 1990s
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The Macrostructure of the NICs in the 1990s The Macrostructure of the NICs in the 1990s
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Projections of Export Competitiveness to the Year 2000 Projections of Export Competitiveness to the Year 2000
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The U.S. Market The U.S. Market
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The EC Market The EC Market
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The Japanese Market The Japanese Market
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Projections of NIC Export Competitiveness in the OECD Market Projections of NIC Export Competitiveness in the OECD Market
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Toward Full Membership in the OECD Countries Toward Full Membership in the OECD Countries
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Notes Notes
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References References
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11 Prospects in OECD Markets
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Published:August 1993
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Abstract
Assessing the conditions of the world economy as background for the external trading environment for the NICs is necessary to provide a prospective scenario for the export status of the NICs, thus, several assumptions that project the trend of world trade are discussed. The authors illustrate how the trend of deindustrialization and some sociopolitical environments may significantly hinder the export expansions in the NICs and affect their economic growth. Nevertheless, the process of economic liberalization, the drive for deregulation, the privatization of public enterprises, the surge of outward foreign direct investment from the NICs, and the gradual liberalization of financial markets and institutions are all promising developments toward more efficient and open economies for NICs in the near future. In addition, the relative importance of the U.S., EC and Japanese market to their past export performances are explored to be able to forecast their future trend in export growth.
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