Liberalization in the Process of Economic Development "d0e31767"

S

Saudi Arabia, 172 , 175 , 197 -99

Savings, 9 , 11 , 152 -56, 342 , 345 ;

constraints on 39 , 103 , 218 ;

and exports, 216 , 233 :

and external shocks, 206 -7;

forced, 103 -4;

and growth, 144 -45, 155 ;

incentives for, 120 ;

and investment. 156 , 184 , 186 , 188 -89;

private, 126 -28;

public, 153 ;

and trade, 259 , 263

Scandizzo, Pasquale L., 300

Schiff, Maurice, 323

Schmitz, Andrew, 324

Schultz, Theodore W., 106 n.3, 154 , 160

Schumpeter, Joseph, 110

Science and technology. See Technology

Scitovsky Tibor, 106 n.3, 155

― 411 ―

Scott, M., 106 n.3

Securities market. 396 -97

Sen, Amartya, 111

Senegal, 299

Seoul National University, xi -xii

Shaw, Edward, 337 , 342 , 344 -45, 391

Sicat, G. P., 121

Simon, Herbert, 110

Singapore:

export orientation in, 84 n.2, 105 , 228 , 233 -35, 245 ;

exports from, 230 -31, 239 ;

government policy in, 212 ;

high-technology industries in, 157 ;

liberalizalion in, 2 , 60 , 326

Singer, Hans, 102

Sjaastad, Larry A., 238 , 341 , 345

Smith, Adam, 247

Smoot-Hawley tariff, 291

Social security system, 116 -17

Social Welfare Function, 122 , 123 -24

Social welfare programs, 164 -65. See also Government, services of; Infrastructure

South America:

developing countries in, 134 -35;

liberalization in, 212 , 327 .

See also Latin America; individual countries

Southeast Asia, liberalization in, 67

Southern Cone countries. See Argentina; Chile; Uruguay

South Korea, 5 -6, 31 , 195 ;

agricultural protection in, 17 , 260 , 294 -96;

agriculture in, 18 , 68 , 284 , 291 , 326 ;

capital investment in, 259 , 264 ;

commercial banks in, xx , 380 , 389 ;

development in, xii -xiii, 27 -28, 50 -55;

education in, xxii , 89 -90;

export promotion in, 15 -16, 24 , 228 , 271 , 341 ;

export substitution in, 6 ;

exports from, xii -xiv, 52 , 72 -74, 173 n.4, 193 -94, 196 , 230 -31, 234 , 239 , 263 , 270 ;

and external shocks, 11 , 172 , 174 , 175 , 180 -82, 186 , 188 -89, 192 -96, 201 , 207 ;

financial liberalization in, 342 -43, 349 n. 13;

financial system in, xviii , 19 , 51 , 368 , 393 ;

foreign capital in, 90 -91;

and foreign exchange, 203 -4, 223 ;

government investment in, xxii -xviii, 41 n. 9, 153 , 212 , 263 ;

growth rates in, 27 , 60 , 105 ;

heavy industries in, xiii -xvi;

high-technology industries in, 157 ;

import liberalization in, 15 -16, 24 , 52 , 255 -59, 261 , 271 -80;

import restrictions in, 14 , 244 , 245 , 255 -63, 266 -73;

import substitution in, 15 , 80 , 255 , 263 ;

income distribution in, xiv , 61 , 133 ;

industrial development in, 27 -57, 159 ;

inflation in, 50 -52, 384 -85;

labor-intensive industry in, 266 ;

labor market in, 51 , 54 -55, 266 ;

liberalization in, 3 , 27 -57, 196 ;

natural resources in, 7 , 64 ;

planning in, 23 , 147 ;

price stabilization in, 384 , 390 , 391 ;

savings in, 153 , 156 , 206 , 265 ;

tariffs in, 15 -16, 51 , 265 , 273 ;

taxation in, 87 , 391 ;

trade in, 211 , 257 , 259 , 265 , 358 , 391

Soviet Union:

agricultural policies in, 299 , 323 , 327 :

planning in, 106 , 147

Spain, 292

Speculation, 238 , 346

Sri Lanka, 172 -73, 299 , 327

Stiglitz, Joseph E., 385 , 389 n.2

Structuralism, 102 -3, 104

Subsidies, 5 , 40 , 77 , 128 ;

effects of, 108 , 222 ;

and GATT rules, 312 -15;

and import protection, 222 ;

optimal, 122 ;

restrictions on, 248

Sudan, 299

Suh Suk Joon, xi -xii

Sweden, 291 , 292 , 294 , 308

Switzerland, 292