Trade Policy and Development

Trade Policy and Development Biswajit Dhar AS countries in increasing numbers have taken to the now dominant policy of economic liberalisation, academic discourse has become replete with studies prescribing strategies that countries should adopt in keeping with the framework of liberalisation. Joshi and Little's article [Joshi and Little 1993] is another contribution to the long list of literature that is available. Our comment on the Joshi-Little contribution would focus more on the formal structure within which the authors make their suggestions about the elements of the future of the trade and foreign exchange policy for India. We would briefly examine the available literature on trade policy to present our views.