Browsing by Subject "export diversification"

In the 20th century global trade began changing dramatically in its volume and its form and in turn, many new theories of trade and economics have been created as a reaction to these changes. Using data from two developing regions--South Asia and Southeast Asia--which are expected to be the global leaders in economic growth in the 21st century, South Asia and Southeast Asia, this paper is an empirical study of the impact of several of the new determinants of growth: export composition/diversification, financial and institutional development, financial volatility, FDI, external debt, energy dependence, and international trade taxes. The author also creates within the model measures of trade balances across several commodities to measure and control for heterogeneity in economic structures and conditions. The study concludes that FDI, financial development, debt, and international trade taxes can be conducive for economic growth in a developing economy while higher inflation, higher interest rates, and export-orientation of some manufactured products should be avoided.