Putting Development First: The Importance of Policy Space in the WTO and International Financial InstitutionsKevin P. Gallagher Some of the world's most prominent development thinkers address the following question in this volume: to what extent are the rules and economic forces that govern the global economy shrinking the 'policy space' that developing countries can draw from in order to construct policies to raise the standards of living of their people? They then analyse the possibly considerable room for manoeuvre that developing countries still have at their disposal despite global macro-economic realities, IMF/World Bank policies, and the trade rules regime of the World Trade Organization. Finally, the authors suggest actual policies that could be put in place in order to preserve existing spaces for development and to expand the tools developing countries can deploy. |
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Page 46
... activities , for instance , free markets may not give correct signals for investment in new technologies when there are high , unpredictable learning costs and widespread externali- ties . This is , in modern garb , the classic case for ...
... activities , for instance , free markets may not give correct signals for investment in new technologies when there are high , unpredictable learning costs and widespread externali- ties . This is , in modern garb , the classic case for ...
Page 60
... activities , when these are linked in the production chain and imports cannot substitute effectively for local inputs . At the same time , technical change makes it necessary to provide more access to international technology markets ...
... activities , when these are linked in the production chain and imports cannot substitute effectively for local inputs . At the same time , technical change makes it necessary to provide more access to international technology markets ...
Page 62
... activities are likely to be demanding in skills , technology , and infrastructure . Industrialization in the developing world thus continues to face many of the same constraints that it did before integrated systems . The need to foster ...
... activities are likely to be demanding in skills , technology , and infrastructure . Industrialization in the developing world thus continues to face many of the same constraints that it did before integrated systems . The need to foster ...
Contents
Development Policies in a World of Globalization | 15 |
The Role of the State in | 33 |
Toward the Optimum Degree of Openness | 69 |
Copyright | |
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Putting Development First: The Importance of Policy Space in the WTO and ... Kevin P. Gallagher No preview available - 2005 |
Common terms and phrases
activities American Amsden Argentina argued Article Asian benefits capabilities capital cent China competition costs developing countries developing world developmental disciplines Doha Doha Declaration Doha Round domestic East Asia economic development economic growth effects electricity sector enterprises environmental European Union export firms foreign investment free trade GATS global important income increase India industrial policy infrastructure innovation institutions integration intellectual property intellectual property rights interventions investment rules investors issues Japan Korea manufacturing ment multilateral NAFTA NDCs negotiations neoliberal patent performance requirements policy space political production promotion protection reform regime restrictions Rodrik role S&DT Singapore Singh South special and differential Stiglitz strategy subsidies sustainable development Taiwan tariff tion Trade in Services TRIPS Agreement UNCTAD United University Uruguay Round Washington Consensus WGTI World Bank World Trade Organization WTO Agreements