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 42
... interventions were functional there was no role for policy in influencing allocation at the activity , firm or technological level . This " market friendly " approach segmented market failures not according to whether market failures ...
... interventions were functional there was no role for policy in influencing allocation at the activity , firm or technological level . This " market friendly " approach segmented market failures not according to whether market failures ...
Page 47
... interventions also have to be selective as well as functional , for three reasons . First , several factor needs are specific to particular activities ; if they lack the coordination to meet these needs , interventions are needed to ...
... interventions also have to be selective as well as functional , for three reasons . First , several factor needs are specific to particular activities ; if they lack the coordination to meet these needs , interventions are needed to ...
Page 59
... interventions in product markets ; using selectivity in FDI to help build local capabilities ( by restricting FDI or imposing conditions on it ) or to tap into dynamic , high - technology value chains ; ⚫ centralizing strategic ...
... interventions in product markets ; using selectivity in FDI to help build local capabilities ( by restricting FDI or imposing conditions on it ) or to tap into dynamic , high - technology value chains ; ⚫ centralizing strategic ...
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 Amsden argued Article Asian benefits capabilities capital cent China competition costs crisis 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 investors free trade GATS global important income increase India industrial policy infant industry infrastructure innovation institutions integration intellectual property intellectual property rights interventions investment rules IPRs issues Japan Korea LIBRARIES manufacturing ment multilateral NAFTA NDCs negotiations neoliberal patent performance requirements policy space political production promotion protection reforms regime restrictions Rodrik role S&DT Singapore South special and differential Stiglitz strategy subsidies sustainable development Taiwan tariff technology transfer Trade in Services TRIPS Agreement UNCTAD United UNIVERSITY Uruguay Round Washington Consensus WGTI World Bank World Trade Organization WTO Agreements