Newly industrializing countries in global perspective

Journal Article · Wed Oct 01 04:00:00 EDT 1980 · New Int. Realities; (United States)

OSTI ID:6734348

Bradford, Jr, C I

The newly industrializing countries (NICs) are shifting to more capital-intensive and higher-technology manufactured goods as they increase their output and their participation in export markets. Their competition for world markets affects the developed countries. A major concern for the organization for Economic Cooperation and Development is that the resources, low-cost labor, and institutional support of the NICs will have a competitive advantage. The OECD countries must adjust to this trade transition at a time when high energy costs, lower productivity, and related economic problems are forcing other adjustments. A close examination of the trade in manufactured goods traces the developing patterns of market shares and examines the two dominant views: (1) that of an historical process of response to a shifting division or labor between countries and (2) that only a limited number of NICs have achieved a competitive concentration of industry. The policy implications for economic adjustments will involve interdependent efforts by the NICs and OECD on a global basis. (DCK)

• Research Organization: Yale Univ., New Haven, CT
• OSTI ID: 6734348
• Journal Information: New Int. Realities; (United States), Journal Name: New Int. Realities; (United States) Vol. V:2; ISSN NIRED
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
COMPETITION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
GLOBAL ASPECTS
INTERNATIONAL ORGANIZATIONS
OECD
TRADE