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OECD countries face at least five major challenges for promoting policies that are consistent with their development goals: . ensuring security and political stability; . anticipating the impacts of their macroeconomic policies on developing-country growth; . increasing both market access and...
Persistent link: https://www.econbiz.de/10004962376
• Tariffs still matter. • Full tariff liberalisation to 2010 would generate dynamic welfare gains of $1 200 billion (at 1995 prices), equivalent to 3 per cent of World GDP in 2010, from greater efficiency and higher productivity. • Developing countries stand to gain relatively more from...
Persistent link: https://www.econbiz.de/10004962361
Aid and trade policies – in OECD countries and in developing countries – might reinforce each other to promote development, or they might be substitutes: the sign of the correlation between trade and aid flows depends on the context. East Asia’s rapid growth demonstrates the important...
Persistent link: https://www.econbiz.de/10004962379
With concern about how to finance the Millennium Development Goals (MDGs) widespread, recent donor pledges to raise aid volumes are welcome. However, aid alone will not suffice – bringing in new actors and sources of development finance will be essential. In many developing countries, this is...
Persistent link: https://www.econbiz.de/10004962341
. Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces. . Inappropriate financial policies can lead to a decline in and poor...
Persistent link: https://www.econbiz.de/10004962343
• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in...
Persistent link: https://www.econbiz.de/10004962344
• Despite post-Monterrey donor initiatives, the Millennium Development Goals (MDGs) are underfinanced. • The revenue potential, the additionality and the speed of availability of new finance sources, and their political feasibility, are of particular importance. • On these criteria, it is...
Persistent link: https://www.econbiz.de/10004962347
Sovereign wealth funds have become important players in global financial markets. But their investments have repeatedly raised concerns, such as fear of industrial espionage or geopolitical threats. This paper argues that the principal motivation for setting up SWFs should put such concerns into...
Persistent link: https://www.econbiz.de/10004962349
In November 2005, Glenys Kinnock, Co-President of the ACP EU Joint Parliamentary Assembly, reported that “there are more nurses from Malawi in Manchester than in Malawi and more doctors from Ethiopia in Chicago than Ethiopia.”1 These Africans had been lured North by work permits targeted at...
Persistent link: https://www.econbiz.de/10004962350
• Biotechnology offers the potential for more environmentally-friendly agriculture but the conditions for developing countries to take advantage of that potential should be created. • Policy intervention is needed to ensure that biotechnology responds to the priorities set for agriculture....
Persistent link: https://www.econbiz.de/10004962354