Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies,...

Entrepreneurship -- manifested in the entry of new firms or products into new markets, or substantial improvements in technological capacity or process innovation by incumbent firms -- is widely considered to be an important ingredient for long term economic development. This report argues that...

Front Cover -- Contents -- Acknowledgments -- About the Authors -- Executive Summary -- Abbreviations -- 1 Introduction -- References -- 2 The Digital Paradox in the Middle East and North Africa and the Upside of Digital Technologies -- Notes -- References -- 3 Framework for Understanding the...

This book explains why countries, especially developing countries, change their trade policies over the course of history. It does so through an interdisciplinary approach which borrows analyses from both political science and economics.

This volume studies the role of natural resources in development and economic diversification. It brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant...

Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), "Lessons from NAFTA" aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade...

Newly discovered oil reserves off the coast of Brazil present a unique opportunity for the country to boost an already successful trajectory of growth and development. This note examines potential choices for the government when it contemplates how to disburse this newfound wealth. This review...

Interest in assessing the impacts on developing countries of changes in major markets'economic performance has risen in tandem with global economic uncertainty over short- and medium-term growth prospects. This paper proposes a methodology to measure the vulnerability of a country's exports to...

In the 1990s the mainstream consensus was that trade causes growth. Subsequent research shed doubt on the consensus view, as evidence suggested that the identification of the effect of trade on growth was problematic in the existing literature. This paper contributes to this debate by focusing...