6/16/2016 SERPP:TradeLiberalization,ExportOrientedGrowthAndDomesticIndustrialMarkets:(Apoliticaleconomicreadingofthescrapmetalandmetalware

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TradeLiberalization,ExportOrientedGrowthAndDomesticIndustrialMarkets:(A
politicaleconomicreadingofthescrapmetalandmetalwareindustries)

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By:Jimenez,JaimeM.,Lim,NielNioJ.,Llamado,KimPatrickM.,Castillo,RonaldM.,
USTResearchClusteronCulture,EducationandSocialIssues
Publishedin2006asDiscussionPaper,availableattheUSTSRCLibrary
Downloaded70timessinceAug172013

Keyword/s:tradeliberalization,exportstrategy,exportgrowth,
Much has been said about the losses and discontents of developing countries with trade
liberalization in the agricultural sector. Limited literature, on the other hand, have discussed on
whetherhowsuchtradeandgrowthaffectsthedevelopingcountriesfledgingindustrialsector.The
study generally discussed about the scrap metal and metalware industries but is physically limited
to Metro Manila, with Valenzuela the scrap metal and metalware factory hub of the region as its
focalpoint.Heuristicandhermeneuticinnature,thiscasestudyemployedacrossanalyticmethod
to evaluate the validity of research findings. In conclusion, the study reveals that unbridled trade
liberalization and the unwitting promotion of the exportoriented growth model have adversely
affected the domestic industrial market of the country particularly the metalware industry. On a
theoretical note, though Ricardos Comparative Advantage Theory may have proven itself
beneficial for a nations economic development in the past, trade liberalization and export
orientation in the age of global capitalism seemingly repeals the assumption of Ricardos theory
that capital is immobile. In effect, not only does the capital mobility of transnational and

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