International Journal of Business and Economics Research

Special Issue

Trade and Trade Policy in Newly Industrializing Countries

  • Submission Deadline: 30 April 2020
  • Status: Submission Closed
  • Lead Guest Editor: Dejana Gajinov
About This Special Issue
There is no precise definition of a Newly Industrializing Country (NIC). The term NIC is an economic classification used by economists to represent economies that fail somewhere between a developed country and a developing country. Since 1980s and 1990s the term has waned in favour of the broader concept of emerging economies. Nevertheless, term NIC is mostly connected to the economies achieving industrialization from 1960s through to the 1990s.
Against OECD criteria, 10 countries were generally considered to exhibit NIC characteristics from the early 1960s: Hong Kong, Singapore, South Korea, Taiwan, Mexico, Brazil, Spain, Greece, Portugal and Yugoslavia. Later on, criteria became more specific and besides 4 East Asian NICs, Thailand, Malaysia, Turkey, China, India, Mexico, Brazil, Argentina and South Africa were countries signed by an NIC status. Nowadays, commonly cited NICs include Thailand, Malaysia, Turkey, China, India, Mexico, Brazil, South Africa and Philippines.
Therefore, the first aim of our analysis is to clarify: 1) why so many developing countries never achieve the level of an NIC; 2) why there are those countries which after reaching the level of an NIC regressed instead of advancing to the level of developed country; 3) which were the factors that contribute to achieve an NIC status (and furthermore a developed country status); 4) what differentiates Asian NICs from other NICs; and 5) whether there are likely to be more NICs emerging over time or this is very unlikely.
This brings us to the next level of analysis: the role of trade and trade policy. As a factor of success (or failure), export and trade policy are important in all countries in the world, not depending on their phase of development.
In this sense, we have the following objectives in our analysis: 1) the importance of trade and trade policy as a factor of growth; 2) different theoretical standpoints of view regarding the above – who seems to be right; 3) are the export growth rate and export contributions to the GDP the only important indicators of achieved NIC status or the structure of export is equally or more important; 4) which are policy prescriptions needed to achieve impressive export performances that will lead to sustainable growth and development; 5) the role of trade liberalization VS the role of international demand (changes in the international economic environment in last decades); and 6) new form of South-South regionalism: market-driven integration in context of NICs.
Lead Guest Editor
  • Dejana Gajinov

    Center for Global Economic Development, Belgrade, Serbia

Guest Editors
  • Professor Peter Akos Bod

    Department of Economic Policy, Corvinus University of Budapest, Budapest, Hungary

  • Professor Alicia Nicholls

    Shridath Ramphal Centre - International Trade Law, Policy and Services, University of the West Indies at Cave Hill, Wanstead, Barbados

  • Professor Zdenek Drabek

    Research Fellow at the Center for Graduate Education and the Economic Institute of the Czech Academy of Sciences (CERGE-EI),Visiting Professor at the Institute of Economic Studies of Charles University and a member of the Scientific Council of Faculty of Social Sciences of Charles University in Prague, Prague, Czech Republic

  • Professor Raquel Virmond Rauen Dalla Vecchia

    Departamento de Ciências Econômicas, Universidade Estadual do Centro-Oeste- UNICENTRO, Irati, Brazil

  • Alexandre Macchione Saes

    Departamento de Economia, University of São Paulo, São Paulo, Brazil

  • Guilherme Grandi

    Departamento de Economia, University of São Paulo, São Paulo, Brazil

  • Mohamed Aslam Bin Gulam Hassan

    Department of Economics and Administration, University of Malaya, Kuala Lumpur, Malaysia

  • Francisco Antonio Serrano Camarena

    Facultad de Economía, Universidad Autónoma de Coahuila, Saltillo, Mexico

  • Xavier Rosero

    Facultad de Economia, Pontificia Universidad Catolica del Ecuador, Quito, Ecuador

  • Biljana Jovanovic Gavrilovic

    Faculty of Economics, University of Belgrade, Belgrade, Serbia

  • Mancheno Ponce Diego Xavier , Dean

    Facultad de Economia, Pontificia Universidad Catolica del Ecuador, Quito, Ecuador

  • Jasmina Osmankovic

    Faculty of Economics, University of Sarajevo, Sarajevo, Bosnia and Herzegovina

  • Ljubinka Joksimovic

    Faculty of Economics, University of Belgrade, Belgrade, Serbia

  • Professor Sarath S. Kodithuwakku

    Department of Agricultural Economics & Business Management, University of Peradeniya, Peradeniya, Sri Lanka

  • Jose Alberto Reyes Garcia

    Locutor, Universidad Central De Venezuela, Productor Nacional Independiente, Ministerio del Poder Popular Para las Comunicaciones,Miembro Titular del Instituto Iberoamericano de Derecho Marítimo, Caracas, Venezuela

  • Professor Miguel Angel Pinglo Ramirez

    Director de la Unidad de Posgrado, Facultad de Ciencias Económicas, Universidad Nacional Mayor de San Marcos, Lima, Peru

  • Professor Osabuohien Evans

    Department of Economics & Development Studies, Covenant University, Ota, Nigeria

  • Professor Prahlad Kumar

    Faculty of Commerce, University of Allahabad, Prayagraj, India

  • Nitin Kumar Agrawal

    Department of Applied Sciences and Humanities, Moradabad Institute of Technology, Moradabad, India

  • Meeta Keswani Mehra

    Centre for International Trade and Development, School of International Studies, Jawaharlal Nehru University, Delhi, India

  • Tokarev Andrey Aleksandrovich

    The Institute for African Studies of the Russian Academy of Sciences, Moscow, Russian Federation