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Recent analyses suggest that the impact of agricultural trade liberalization on developing countries will be very … uneven. Some simulations suggest that the effects of agricultural trade liberalization will be small, overall, and are likely …. Multilateral liberalization will erode the benefits of these preferences, which are presently rather well utilized in the …
Persistent link: https://www.econbiz.de/10005649965
The global Aid for Trade/AfT Initiative was inspired by the Doha Round of WTO negotiations. It involved specific aid commitments as well as a broad agreement on categories of AfT, and principles of delivery (outlined by a WTO Task Force in 2006). The WTO and the OECD were tasked with monitoring...
Persistent link: https://www.econbiz.de/10010604057
Among the many concerns over globalization is that as nations compete for mobile firms, they will relax labour standards as a method of lowering costs and attracting investment. Using spatial estimation on panel data for 148 developing countries over 18 years, we find that the labour standards...
Persistent link: https://www.econbiz.de/10009399603
In this paper we examine shifts in the bilateral patterns in international portfolio holdings in emerging Europe during the 2001-2008 period. In relation to the 2001-2007 pre-crisis period, we find some evidence that shifts in the geographical composition of portfolio debt liabilities reflect...
Persistent link: https://www.econbiz.de/10008752741
This paper provides an overview of the cyclical conduct of fiscal policy in Ireland both before and during the crisis. It shows that fiscal policy has been procyclical, with financial shocks amplifying the fiscal cycle. In addition, it highlights the importance of institutional reform and...
Persistent link: https://www.econbiz.de/10009292074
This paper reviews the growth record of the member countries of the euro area and assesses the outlook for future economic performance. We describe how the external and fiscal adjustment challenges facing the euro periphery amplify the growth risks facing these countries. We address how growth...
Persistent link: https://www.econbiz.de/10010659116
Ireland's net external liability position expanded in dramatic fashion during 2008-2010, despite relatively small net financial flows during this period. Understanding the the source and persistence of this negative shock is critically important in assessing the future path for the Irish...
Persistent link: https://www.econbiz.de/10010904652
This paper provides an empirical review of the dynamics of international capital áows, with a focus on emerging Asia. Next, it outlines the various channels by which international capital flows affect domestic financial conditions in the host economies. Finally, it explores the implications for...
Persistent link: https://www.econbiz.de/10010904654
We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits,...
Persistent link: https://www.econbiz.de/10010904657
This paper reviews the growth record of the member countries of the euro area and assesses the outlook for future economic performance. We describe how the external and fiscal adjustment challenges facing the euro periphery amplify the growth risks facing these countries. We address how growth...
Persistent link: https://www.econbiz.de/10010904663