Abstract
The book free trade and prosperity written by Arvind panagariya summarizes the background and development of International business in the emerging economies of Asia, South America and Africa, the book examines the free trade policies of these developing economies and identifies the macro economic reforms undertaken by them to become global nations, the book focuses to gather the implications of outward orientation policies adopted by such economies for national growth and prosperity, the author claims this as a big literature gap in the international business studies not undertaken so far, a full throated and focused defense of trade openness as applied in the developing countries has not been attempted to be studied before that this book aims to.
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