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The impact of the exports of BRIC countries plus Turkey on the exports of Pakistan

Nakhoda, Aadil (2013): The impact of the exports of BRIC countries plus Turkey on the exports of Pakistan.

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Abstract

The BRIC countries (Brazil, the Russian Federation, India and China) plus Turkey contribute a significant proportion of the exports that originate from developing countries. The varieties imported from the BRIC countries plus Turkey in the textile, creative and leather industries are likely to take precedence over the imported varieties from smaller developing countries as either their production is relatively more efficient in labor-intensive industries or their resources are relatively more abundant. Therefore, the prominence of the exports of the BRIC countries plus Turkey can have implications for smaller developing countries that also specialize in the production of labor-intensive products, such as Pakistan. I study the impact of the exports of the BRIC countries plus Turkey on the exports of Pakistan to the set of importing countries based on their importance as major export destinations of Pakistan for each industry considered and the set of importing countries based on the geographical location of the importing countries as regional and non-regional destinations of the BRIC countries plus Turkey. In this paper, I aim to determine whether the exports from the BRIC countries plus Turkey either complement or substitute exports from Pakistan to the specific set of export destinations.

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