The International Economic Background

Alfred Maizels, Robert Bacon and George Mavrotas


Published in print July 1997 | ISBN: 9780198233381
Published online October 2011 | e-ISBN: 9780191678981 | DOI:

Series: UNU/WIDER Studies in Development Economics

The International Economic Background

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  • Economic Development and Growth


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Since the early 1980s different developing countries have exhibited wide disparities in terms of growth rates. Along with China, East Asia's newly industrializing countries (NICs) — South Korea, Hong Kong, and Singapore — experienced an average GDP growth rate of 9% during the period between 1980 and 1991. On the other hand, Sub-Saharan Africa's developing countries achieved only 2.1% growth yearly while per capita real product also declined by more than 20%. Individual countries in these regions also exhibited significant growth rate disparities as other developing areas fell between the two extremes. These growth rates were influenced by a country's economic and trade policies, their trading partners's policies and growth rates, and foreign exchange for purchasing imports. This chapter provides a general review of developing countries that export tropical beverage crops such as coffee, tea, and cocoa.

Keywords: world economy; NICs; GDP; growth rates; trade policies; foreign exchange; imports

Chapter.  4696 words. 

Subjects: Economic Development and Growth

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