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The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the early 2000's, however, a slowdown in the pace of trade reform, a post-crisis...
Persistent link: https://www.econbiz.de/10014408691
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries … developing countries to choose fuller participation in the world trading system …
Persistent link: https://www.econbiz.de/10014411036
Aid for trade can support countries trying to further benefit from the expanding global market place by helping to address poorly performing infrastructure and institutions. Needless to say, good policies also matter: trade liberalization, improving incentives for private investment in trade,...
Persistent link: https://www.econbiz.de/10014409848
in FDI in the post-crisis world …
Persistent link: https://www.econbiz.de/10014402678
and World Bank, examined the issue of longer-run growth prospects for the global economy following the recent global … economic crisis. Will the world be able, in the five to ten years after the crisis abates, to return to the very rapid kind of … for very rapid growth in the world economy over the coming decade, thanks to strong supply-side factors. Whether such …
Persistent link: https://www.econbiz.de/10014397675
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
This paper formulates a simple aggregate growth model that is capable of assessing the impact of macroeconomic policies on the long-term performance of a developing country. The model emphasizes expenditures on human capital and the dynamics of external debt, and yields empirically testable...
Persistent link: https://www.econbiz.de/10014396208
. LIDCs contain one fifth of the world's population-1.5 billion people-but account for only 4 percent of global output. The …
Persistent link: https://www.econbiz.de/10014407873
Trade integration can play a much larger role in boosting shared prosperity. The current focus on trade tensions threatens to obscure the great untapped benefits possible from further trade reform. The opportunities provided by information technology and other fundamental changes in the global...
Persistent link: https://www.econbiz.de/10014408459
The coronavirus crisis has stiffened debt and development-related headwinds that had become strong even before 2020. Sustaining development while maintaining debt sustainability has been made harder by the protracted effects of the pandemic on public finances, earnings and employment, and human...
Persistent link: https://www.econbiz.de/10015060471