Trading Arrangements And Industrial Development
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Trading Arrangements And Industrial Development
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Author : Diego Puga
language : en
Publisher: World Bank Publications
Release Date : 1997
Trading Arrangements And Industrial Development written by Diego Puga and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Desarrollo industrial categories.
Trading Arrangements And Industrial Development
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Author : Diego Puga
language : en
Publisher:
Release Date : 2005
Trading Arrangements And Industrial Development written by Diego Puga and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
A new approach to analyzing the role of trade in promoting industrial development. How do different trading arrangements influence the industrialization process of developing countries? Can preferential trading arrangements (PTAs) be superior to multilateral liberalization, or at least an alternative when multilateral liberalization proceeds slowly? If so, what form should the PTAs take? Are developing countries better advised to seek PTAs with industrial countries or among themselves? Traditional analysis of these issues has been based on the ideas of trade creation and trade diversion. The problem with this analysis is that it starts from assuming a pattern of comparative advantage. This stands in sharp contrast to the apparently changing comparative advantage of newly industrialized countries. The experience of these countries suggests the need for an analysis in which the pattern of comparative advantage is not set in stone but is potentially flexible, and in which less developed countries can develop and converge in both income and economic structure to industrial economies. Puga and Venables outline an alternative approach for analyzing the role of trade in promoting industrial development. There are few fundamental differences between countries that generate immutable patterns of comparative advantage. Instead the pattern of trade and development in the world economy is determined mainly by history. Cumulative causation has created concentrations of industrial activity in particular locations (industrial countries) and left other areas more dependent on primary activities. Economic development can be thought of as the spread of these concentrations from country to country. Different trading arrangements may have a major impact on this development process. By changing the attractiveness of countries as a base for manufacturing production they can potentially trigger or postpone industrial development. This approach explains why firms are reluctant to move to economies that have lower wages and labor costs, and shows how trade liberalization can change the incentives to become established in developing countries. It provides a mechanism through which import liberalization can have a powerful effect in promoting industrialization. And it suggests that import liberalization may create or amplify differences between liberalizing countries with the possible political tensions this may create. While these features are consistent with the world economy, they fall short of providing convincing empirical support for the approach. Using the approach, the authors derive a number of conclusions about the effects of trade liberalization. First, that unilaterally liberalizing imports of manufactures can promote development of the local manufacturing industry. The mechanism is forward linkages from imported intermediates, but this may be interpreted as part of a wider package of linkages coming from these imports. Second, the gains from liberalization through PTA membership are likely to exceed those obtained from unilateral action. South-South PTAs will be sensitive to the market size of member states, and North-South PTAs seem to offer better prospects for participating Southern economies, if not for North and excluded countries. Third, the effects of particular schemes (such as the division of benefits between Southern economies) will depend on the characteristics of the countries and cross-country differences in these characteristics. This paper - a product of the International Trade Division, International Economics Department - was prepared for the research project on regional integration.
Industrial Policy Challenges For India
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Author : Smitha Francis
language : en
Publisher: Taylor & Francis
Release Date : 2019-03-15
Industrial Policy Challenges For India written by Smitha Francis and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-15 with Business & Economics categories.
This book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and FDI liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15–16% since the 1980s, India’s policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), South Korea, Malaysia and Japan have been sought to be rationalised using the same argument. The book argues that failing to factor in the industrial policy causalities involved in sustainable indigenous technology development, structural barriers to the entry into GVCs, the assessments of the available evidence on the adverse impact of trade and FDI liberalisation as well as existing FTAs on firm-level incentives for undertaking domestic production, and the industrial policy constraints imposed by FTAs can prove costly for the trajectories of developing country economies, including India. Rich in data, this book will be useful to scholars and researchers of development economics, economics in general, development studies and public policy as well as government bodies, industry experts and policymakers.
Trading Arrangements And Industrial Development
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Author : Diego Puga
language : en
Publisher: World Bank Publications
Release Date : 1997
Trading Arrangements And Industrial Development written by Diego Puga and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Desarrollo industrial categories.
Trade And Industrial Development In Africa
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Author : Moyo, Theresa
language : en
Publisher: CODESRIA
Release Date : 2015-03-02
Trade And Industrial Development In Africa written by Moyo, Theresa and has been published by CODESRIA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-02 with Business & Economics categories.
This book revisits the perennial challenge that scholars, economists, and politicians have been grappling with since the 1960s. Development, in this book, has been defined in a context that projects it as a multidimensional and complex process which seeks to enhance the human, social, economic and cultural welfare of the people. This book calls for a rethinking of trade and industry for Africa's development. It uses data drawn from national development plans and strategies, and trade and industry issues have been prioritized at the continental level, in key policy documents. On the whole Africa's industry and trade performance have been poor in spite of national, regional, and continental plans. The contributors to this volume propose some alternative strategies and policies which are necessary for trade and industry to grow and to contribute to the well-being of Africa's people. It calls for a developmental trade and industry policy which, fundamentally, must be people-centred. African states should invest time, energy and resources to develop policies which will take into consideration African realities.The different contributors are aware that Africa has experienced strong economic growth in the recent past but this growth has largely been due to a strong demand for Africa's primary commodity exports. It has also been a result of increases in productivity and domestic investment and remittances from Africans living in the Diaspora. It is important to note that despite this unprecedented growth performance, the impact of trade and industry on development has been limited. The book argues that a structural transformation of Africa's economies is inevitable if Africa is to achieve the shift from the dominant paradigm of production and export of primary goods. The various contributors to this book agree that there is need to rethink policy and strategy in order to achieve industrial development in Africa. There is no unique solution or answer that can fit all situations as African countries are not the same. While Africa can draw lessons from other regions which have successfully industrialized, this book argues that policies and strategies will have to be adapted to country-specific situations and circumstances.
Industrial Collaboration Arrangements
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Author : United Nations Conference on Trade and Development. Secretariat
language : en
Publisher:
Release Date : 1978
Industrial Collaboration Arrangements written by United Nations Conference on Trade and Development. Secretariat and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Developing countries categories.
Free Trade Agreements And Globalisation
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Author : Arne Melchior
language : en
Publisher: Springer
Release Date : 2018-07-31
Free Trade Agreements And Globalisation written by Arne Melchior and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-31 with Business & Economics categories.
This book analyses the fast spread of free trade agreements (FTAs) across the globe, their content and their economic impact. In the wake of Brexit and the new protectionism of President Trump, Melchior offers a timely assessment of key issues relating to FTAs. Dividing the world into seven major regions, he analyses world trade, the globalisation of FTAs and their role within and between the regions. Using a new world trade model, he then presents new evidence on the impact of trade agreements, the value of trade, the impact of China’s growth and the West’s industrial decline, and the role of reciprocity in trade policy. Covering rich and poor countries, commodity exporters and all of the world’s regions, he offers new and original insights about a number of pertinent issues facing today’s world.
The Us Jordan Free Trade Agreement And Qualifying Industrial Zones As A Model For Industrial Development
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Author : Muḥammad Khaṣāwinah
language : en
Publisher:
Release Date : 2002
The Us Jordan Free Trade Agreement And Qualifying Industrial Zones As A Model For Industrial Development written by Muḥammad Khaṣāwinah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Free trade categories.
Compensatory Trade Strategy
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Author : John I Akhile
language : en
Publisher: iUniverse
Release Date : 2006-02
Compensatory Trade Strategy written by John I Akhile and has been published by iUniverse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-02 with Developing countries categories.
There is only one reason why writing a book on this subject matter is relevant to our times. And it is due to the fact that African nations, like most developing countries, need a new approach to issues relating to the challenge of creating sustained economic development. Compensatory Trade Strategy represents a multiple options plan for establishing and implementing trade arrangements in developing countries, particularly in times of hard currency shortage. Author John Akhile brings twenty-five years of experience on the conduct and finance of international trade, specifically on sub-Saharan Africa, and offers a new look at this global crisis. With his comprehensive approach, Akhile creates a basic plan for those interested in compensatory trade. For developing countries, Akhile presents strategies for creating new industrial development projects and for arranging trade transactions for critical supplies. For companies who are seeking to continue and even expand existing opportunities, Compensatory Trade Strategy is a road map for achieving both objectives.
Development Trade And The Wto
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Author : Bernard M. Hoekman
language : en
Publisher: World Bank Publications
Release Date : 2002
Development Trade And The Wto written by Bernard M. Hoekman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Publisher's description: Developing countries are increasingly confronted with the need to address trade policy related issues in international agreements, most prominently the World Trade Organization (WTO). New WTO negotiations on a broad range of subjects were launched in November 2001. Determining whether and how international trade agreements can support economic development is a major challenge. Stakeholders in developing countries must be informed on the issues and understand how their interests can be pursued through international cooperation. This handbook offers guidance on the design of trade policy reform, surveys key disciplines and the functioning of the World Trade Organization (WTO), and discusses numerous issues and options that confront developing countries in using international cooperation to improve domestic policy and obtain access to export markets. Many of the issues discussed are also relevant in the context of regional integration agreements. Separate sections of the handbook summarize what constitutes sound trade policy; the major aspects of the WTO from a development perspective; policy issues in the area of merchandise trade and the liberalization of international transactions in services; protection of intellectual property rights and economic development; new regulatory subjects that are emerging in the agenda of trade talks; and enhancing participation of developing countries in the global trading system.