Putting Development First: The Importance of Policy Space in the WTO and International Financial InstitutionsKevin P. Gallagher, Alice Hoffenberg Amsden 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 97
This is a recipe for volatility , financial crisis , slower long run growth , higher poverty , and higher inequality ( Pettis 2001 ) . Finally , internationally agreed standards should be cast in terms which allow considerable leeway ...
This is a recipe for volatility , financial crisis , slower long run growth , higher poverty , and higher inequality ( Pettis 2001 ) . Finally , internationally agreed standards should be cast in terms which allow considerable leeway ...
Page 111
For example , the World Bank argues that “ [ a ] lthough industrial countries did benefit from higher natural protection before transport costs declined , the average tariff for twelve industrial countries , ranged from 11 to 32 percent ...
For example , the World Bank argues that “ [ a ] lthough industrial countries did benefit from higher natural protection before transport costs declined , the average tariff for twelve industrial countries , ranged from 11 to 32 percent ...
Page 252
The latter could easily go into reverse in a vicious circle if , for example , higher incomes in both regions lead to an increase in commodity prices or there is a wage - price spiral in the labor markets in the North .
The latter could easily go into reverse in a vicious circle if , for example , higher incomes in both regions lead to an increase in commodity prices or there is a wage - price spiral in the labor markets in the North .
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Contents
Development Policies in a World of Globalization | 15 |
The Role of the State in | 33 |
Toward the Optimum Degree of Openness | 69 |
Copyright | |
8 other sections not shown
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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 advantage Agreement allow American areas argued Asia Bank benefits capital cent century China commitments competition costs create developing countries direct discussion domestic East economic effects electricity energy enterprises evidence example experience export firms foreign further GATS global growth important income increase India industrial policy innovation institutions integration intellectual interest investment issues Italy less liberalization limited manufacturing means measures Members ment negotiations neoliberal North obligations Organization patent performance period political possible production promotion proposed protection recent regime regional requirements restrictions result role rules S&DT sector selective social South South Korea space standards strategy studies subsidies success suggest sustainable tariff trade transfer TRIPS Agreement United University
Bibliographic information
| Title | Putting Development First: The Importance of Policy Space in the WTO and International Financial Institutions |
| Editors | Kevin P. Gallagher, Alice Hoffenberg Amsden |
| Edition | illustrated |
| Publisher | Bloomsbury Academic, 2005 |
| Original from | the University of Michigan |
| Digitized | 5 Aug 2011 |
| ISBN | 1842776355, 9781842776353 |
| Length | 301 pages |
| Subjects | › › Business & Economics / Development / Economic Development Political Science / General Political Science / Political Economy |
| Export Citation | BiBTeX EndNote RefMan |