Trade Policies and Developing Nations

This book is an interesting review of major policies adopted by developing countries for the last few decades, and the implications these have had on the development of the countries adopting them. Krueger is obviously a strong proponent of free trade and against industrial policy, and she makes a strong case that, even if these policies could be used positively, the political decision making process neutralizes good intentions and practically ensures that industrial policy will reach a sub-optimal point, below where pure free trade would be. One interesting conclusion that I would like to read more about is the fact that she finds that higher imports are in fact more important than higher exports in the development of a country. This is a book of impecable analysis and good sensible economic recommendations, though it will contradict much of what anti-globalizers think is true.