Development Strategies in Semi-Industrial Economies

This study endeavors to quantify the systems of incentives applied in six semi-industrial developing economies and to indicate the effects of these systems on resource allocation, international trade, and economic growth. The effects of the incentives applied in the six economies studied and in five other semi-industrial economies are further evaluated in a comparative framework and recommendations are made on incentive policies. The individual studies provide a survey of policy changes undertaken since World War II, estimates of the various indicators of incentives, an analysis of the economic effects of the systems of incentives applied, as well as recommendations for the future. The studies use a common methodology, but differ in emphasis according to conditions in the individual cases. The analysis and the policy recommendations are based on the situation before the oil crisis of 1973 and do not consider subsequent developments.