In This Review
Foreign Trade Regimes and Economic Development. Vol. IV: Egypt

Foreign Trade Regimes and Economic Development. Vol. IV: Egypt

By Bent Hansen and Karim Nashashibi

National Bureau of Economic Research, 1976, 358 pp.
Foreign Trade Regimes and Economic Development. Vol. VI: India

Foreign Trade Regimes and Economic Development. Vol. VI: India

By Jagdish N. Bhagwati and T. N. Srinivasan

National Bureau of Economic Research, 1975, 261 pp.

The nationalization of Egyptian foreign trade and the growth of a large public sector reduce the possibility of drawing sharp and sweeping conclusions about exchange rate and foreign trade policies. The authors of the other volume, in contrast, have no doubt about the damage done by India's foreign trade controls and domestic licensing. They recommend action on liberalization and the exchange rate. Two valuable additions to a first-rate series.