Home / Journals International Journal of Business and Economics Research / Trade and Trade Policy in Newly Industrializing Countries
Trade and Trade Policy in Newly Industrializing Countries
Submission Deadline: Apr. 30, 2020
Lead Guest Editor
Dejana Gajinov
Center for Global Economic Development, Belgrade, Serbia
Guest Editors
  • 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
  • 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
  • Meeta Keswani Mehra
    Centre for International Trade and Development, School of International Studies, Jawaharlal Nehru University, Delhi, India
  • 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
  • Tokarev Andrey Aleksandrovich
    The Institute for African Studies of the Russian Academy of Sciences, Moscow, Russia
  • Nitin Kumar Agrawal
    Department of Applied Sciences and Humanities, Moradabad Institute of Technology, Moradabad, Uttar Pradesh, India
  • Professor Prahlad Kumar
    Faculty of Commerce, University of Allahabad, Prayagraj, Uttar Pradesh, India
  • Professor Raquel Virmond Rauen Dalla Vecchia
    Departamento de Ciências Econômicas, Universidade Estadual do Centro-Oeste- UNICENTRO, Irati, Brazil
  • Professor Peter Akos Bod
    Department of Economic Policy, Corvinus University of Budapest, Budapest, Hungary
  • 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 Osabuohien Evans
    Department of Economics & Development Studies, Covenant University, Ota, Nigeria
  • Professor Sarath S. Kodithuwakku
    Department of Agricultural Economics & Business Management, University of Peradeniya, Peradeniya, Sri Lanka
  • 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 Miguel Angel Pinglo Ramirez
    Director de la Unidad de Posgrado, Facultad de Ciencias Económicas, Universidad Nacional Mayor de San Marcos, Lima, Peru
Guidelines for Submission
Manuscripts can be submitted until the expiry of the deadline. Submissions must be previously unpublished and may not be under consideration elsewhere.
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Published Papers
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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.
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