Policy Space in Historical Perspective: With special reference to trade and industrial policies Ha-Joon Chang

The paper discusses the issue of policy space available for developing countries to adopt trade and industrial policies, with an emphasis on the NAMA negotiations currently underway at the WTO. It is shown that the policy space for developing countries has been constantly shrinking and it is at the risk of shrinking even further, to the point of making the use of any meaningful policy for economic development impossible.

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