Putting Development First: The Importance of Policy Space in the WTO and International Financial InstitutionsKevin 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 24
... costs are enormous , and even when a crisis is averted the costs of dependence on foreign capital are great , as they , for instance , force contractionary policies exactly when expansionary policies are necessary . These costs more ...
... costs are enormous , and even when a crisis is averted the costs of dependence on foreign capital are great , as they , for instance , force contractionary policies exactly when expansionary policies are necessary . These costs more ...
Page 46
... costs and widespread externali- ties . This is , in modern garb , the classic case for infant industry protection : classical economists clearly recognized that in the presence of such costs , an industrial latecomer faced an inherent ...
... costs and widespread externali- ties . This is , in modern garb , the classic case for infant industry protection : classical economists clearly recognized that in the presence of such costs , an industrial latecomer faced an inherent ...
Page 74
... cost of lower employment ) are the most obvious case in point . While it may help an individual firm gain a larger national or international market share by reducing unit costs , its overall effect may well be a shrinking of the size of ...
... cost of lower employment ) are the most obvious case in point . While it may help an individual firm gain a larger national or international market share by reducing unit costs , its overall effect may well be a shrinking of the size of ...
Contents
Development Policies in a World of Globalization | 15 |
The Role of the State in | 33 |
Toward the Optimum Degree of Openness | 69 |
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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 crisis developing countries developing world developmental differential treatment disciplines Doha Doha Declaration Doha Round domestic East Asia economic development economic growth effects electricity sector energy enterprises environmental European Union export firms foreign direct investment 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 Latin America manufacturing ment multilateral NAFTA NDCs negotiations neoliberal patent performance requirements policy space political production promotion protection reforms regime restrictions Rodrik role S&DT Singapore social South Special and Differential Stiglitz strategy subsidies sustainable development Taiwan tariff technology transfer trade liberalization TRIPS Agreement UNCTAD United Uruguay Round Washington Consensus World Bank WTO Agreements