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Ten states it was rather insignificant. TABLE 4. Economic growth of developing countries with the various tradingCurrency converting in the black market in 1988 *it rate of increase of gross national product
Per capita
In 1980 - 90it.
The countries with weak trading restrictions
it0.50.204.2
it0.00.005.7
it7.73.202.6
it3.02.522.9
it3.62.216.5
it6.95.215.8
Southern Koreja4.13.0108.6
Average rate it5.0
The countries with strong trading restrictions
it8.514.61030-1.2
it10.05.5570.5
it15.521.6143.2
it10.65.0240-2.6
it13.412.13182.0
it13.3it/it30-2.3
it9.57.050-1.7
Sierra-Leone13.311.81406-0.9
it15.316.1103.2
it17.311.436-0.4
Average rate it0.0
- /it - there is no data;
The considerable size of a payment for currency converting in the black market
Testifies to that the country has essentially limited Converting the currency control. Sources: World Bank, World Tables, 1991 and World Development Report, 1992; International Monetary Fund, Government Finance Yearbook, 1989 - 90
As a result it an internal product per capita in this group in
Current of 80th years remained on the average invariable, and in six of them has fallen.
Only two countries (India and Pakistan) could reach rates of increase, not The countries conceding to indicators with small restrictions on trade. Such
In the image while the countries with low restrictions prospered, the countries
With high restrictions endured economic stagnation. Among nonprofessionals there is an opinion that restrictions on import Promote creation of workplaces. However before to discuss this question, it is useful to remind that for Well-being of nation the number of workplaces, and volume matters not Manufactures, which above in the conditions of free international trade. Really, in this case consumers can get the goods at that The seller who requests the lowest prices, and manufacturers - To sell the goods there where they can receive for it the highest
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