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One of the most significant recent developments in world trade has been the entry of China into the World Trade … Organization (WTO). This paper examines the implications of China''s WTO accession for India''s trade, using both econometrics and … computable general equilibrium (CGE) models. The paper analyzes how India stands to lose or gain from China''s WTO entry in terms …
Persistent link: https://www.econbiz.de/10014400923
entry matters more than access to the rest of China, which is consistent with market fragmentation due to underdeveloped …
Persistent link: https://www.econbiz.de/10014400961
Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several...
Persistent link: https://www.econbiz.de/10014402557
Public investment supports the delivery of key public services, connects citizens and firms to economic opportunities, and can serve as an important catalyst for economic growth. After three decades of decline, public investment has begun to recover as a share of GDP in emerging markets (EMs)...
Persistent link: https://www.econbiz.de/10014408564
Persistent link: https://www.econbiz.de/10004138804
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of...
Persistent link: https://www.econbiz.de/10014401884
This paper discusses the history of the first 20 years of the IMF. It attempts to recount objectively what were its origins and what have been its plans and activities. The paper contains a chronological account of the evolution of the IMF from the original plans formulated in 1941 to the end of...
Persistent link: https://www.econbiz.de/10014397663
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854
Global growth remains strong. The recovery has created jobs and increased incomes. But growth momentum is moderating. Previously identified risks have partly materialized or have become more pronounced. A rapid reversal in financial market conditions, ten years after the global financial crisis,...
Persistent link: https://www.econbiz.de/10014408462
The global economic outlook is improving, but the recovery is partial, uneven, and uncertain. Policies must restore confidence, support jobs, and boost growth. Now is the time to also build a more resilient future. We must work together to support the most vulnerable countries and people
Persistent link: https://www.econbiz.de/10014408893