Trade openness and economic development

Viac o knihe

The research investigates the contentious debate surrounding the impact of trade openness on economic development in the Democratic Republic of Congo. Using the Vector Error Correction Model (VECM), the study finds a significant negative effect of trade openness on economic development, contradicting the claims of competition theory. The authors delve into internal mechanisms influencing this relationship, offering insights into why trade openness has not fostered economic growth in the region during the examined period.