Publisher's Synopsis
Since the 1970s the contribution of exports to growth has become widely recognized. Countries that followed 'outward-oriented' development strategies have had stronger economic growth and better income distribution than countries that followed ?inward-looking? development strategies. Government policies in general and export policies in particular can make an important contribution to the transition from 'inward-looking' development to 'outward-oriented'. This study attempts to measure the impact of export incentives on exports of manufactured goods. Protection offsets were the most important incentive for exports in both Taiwan and Thailand. Protection offsets gradually became more effective over time. The study shows that they had a positive impact on the percentage change in the value of production and the value of exports in Taiwan between 1969 and 1974 and on the percentage change in the value of production in Thailand between 1980 and 1982.
