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TRADE LIBERALIZATION, EXPORT PERFORMANCE AND ECONOMIC GROWTH IN JAMAICA*

I. INTRODUCTION

Since the 1980s trade liberalization has become an increasingly common feature of economic policy in developing countries. Some developing countries have unilaterally liberalized trade in an attempt to integrate into the global economy and promote economic growth. In other cases countries have had to liberalize trade in order to satisfy the requirements of international lending agencies. At the global level, multilateral trade negotiations under the auspices of the World Trade Organization are pushing for freer trade in response to the demands of globalization.

The increasing emphasis on trade liberalization represents a reversal of the inward looking economic policies ...

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