Amazon.com description: Product Description: As a policy choice devaluation reduces the relative prices of a nation's exports and theoretically improves the competitive position of these exports in international markets.This book examines the impacts resulting from currency devaluation on major elements of a developing nation's export portfolio. It uses error correction and distribution lag econometric models to evaluate the export data from Chile, Malaysia and South Korea. The models investigate the impact of devaluation on annual changes in the real value of each major export group and, in doing so, finds devaluation to have a statistically significant impact.