Book

Description

An export-led growth strategy is considered as a sustainable path to growth, and yet many countries are not exporting to their full potential.A country’s inability to export to its potential is a reflection of institutional and structural impediments and rigidities at home as well as in its trading partners.As a strategy to overcome these socio-political and institutional barriers, countries engage with each other to improve the exporting environment through negotiating trade agreements.The first study deals with estimating Australia’s export potential as it is relatively open among the resource-based developed economies for empirical testing. A major link between export growth and trade agreements is the flow of Foreign Direct Investment (FDI), mostly from the developed economies. Therefore, in order to find the impact of FDI on economic growth, the second study conducts an empirical analysis of six FDI recipient emerging countries.