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
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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
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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.