Author : Belinda Coote
Publisher :
Page : 244 pages
File Size : 11,10 MB
Release : 1996
Category : Foreign trade regulation
ISBN :
This work explains how countries that depend on the export of primary commodities, like coffee or cotton, are caught in a trap: the more they produce the lower the price falls on the international market.
Author : Belinda Coote
Publisher :
Page : 260 pages
File Size : 46,97 MB
Release : 1996
Category : Business & Economics
ISBN :
This work explains how countries that depend on the export of primary commodities, like coffee or cotton, are caught in a trap: the more they produce the lower the price falls on the international market. If they try to add value to their commodities by processing them, they run into tariff barriers imposed by the rich industrialized nations. To make matters worse, they have to compete with subsidized exports dumped on the world market by rich surplus-product countries. This edition contains an additional chapter which reports on the outcome of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) and the creation of the new World Trade Organization. It examines the impact of rapid economic liberalization on the livelihoods and natural environments of poor communities and recommends ways in which trade could be regulated to protect their rights. The book explains the complexities of the world trade system and examines what poor countries can do about the trap in which they find themselves.
Author : Kevin Watkins
Publisher : Oxfam
Page : 262 pages
File Size : 29,73 MB
Release : 1995
Category : Social Science
ISBN : 9780855983185
Fifty years ago, the United Nations Charter proclaimed universal rights to shared prosperity, peace, and security. How far has that vision of world citizenship been realised? Despite advances in human welfare and technology, there is today a growing polarisation between rich and poor. One in four of the world's people live in absolute poverty, unable to meet their basic needs; armed conflict is affecting millions of people; and the global environment is under threat. Yet there is a failure of political will to address the silent emergency of poverty. The Oxfam Poverty Report draws on Oxfam's experience of working in over 70 countries, to examine the causes of poverty and conflict. It identifies the structural forces which deny people their basic rights, and gives a wide range of examples of the ways in which men and women are bringing about positive change at every level, from the household to the international arena. Oxfam believes that it is time to renew the UN vision of universal basic rights. The Report concludes by proposing policy and institutional reforms which would transform international institutions and trading relations, and calls for a new commitment to work together to eradicate poverty and bring sustainable peace and security for all the world's people.
Author : World Bank
Publisher : World Bank Publications
Page : 545 pages
File Size : 40,66 MB
Release : 2019-11-19
Category : Business & Economics
ISBN : 1464814953
Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 36 pages
File Size : 15,95 MB
Release : 2009-09-01
Category : Business & Economics
ISBN : 1451873522
We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.
Author : Mr. Ravi Balakrishnan
Publisher : International Monetary Fund
Page : 123 pages
File Size : 38,59 MB
Release : 2021-04-26
Category : Business & Economics
ISBN : 1484326091
Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world’s highest levels of inequality. Yet something interesting happened in the first decade and a half of the 21st century. Latin America was the only region in the World to have experienced significant declines in inequality in that period. Poverty also fell in Latin America, although this was replicated in other regions, and Latin America started from a relatively low base. Starting around 2014, however, and even before the COVID-19 pandemic hit, poverty and inequality gains had already slowed in Latin America and, in some cases, gone into reverse. And the COVID-19 shock, which is still playing out, is likely to dramatically worsen short-term poverty and inequality dynamics. Against this background, this departmental paper investigates the link between commodity prices, and poverty and inequality developments in Latin America.
Author : Richard E. Baldwin
Publisher :
Page : 112 pages
File Size : 34,49 MB
Release : 2011-03
Category : Business & Economics
ISBN : 9781907142239
The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
Author : B.R. Munier
Publisher : IOS Press
Page : 256 pages
File Size : 49,16 MB
Release : 2012-04-24
Category : Business & Economics
ISBN : 1614990379
The recent global financial crisis exposed the serious limitations of existing economic and financial models. Not only did macro models fail to predict the crisis, they seemed incapable of explaining what was happening to the economy. Policymakers felt abandoned by the conventional tools of the now obsolete Washington consensus and the World Trade Organization’s oversimplified faith in free markets.The traditional models for agricultural commodities have so far failed to take into account the uncertain character of the global agricultural economy and its ferocious consequences in food price volatility, the worst in 300 years, yielding hunger riots throughout the world. This book explores the elements which could help to close this fundamental modeling gap. To what extent should traditional models be questioned regarding agricultural commodities? Are prices on these markets foreseeable? Can their evolution be either predicted or convincingly simulated, and if so, by which methods and models? Presenting contributions from acknowledged experts from several countries and backgrounds – professors at major international universities or researchers within specialized international organizations – the book concentrates on four issues: the role of expectations and capacity of prediction; policy issues related to development strategies and food security; the role of hoarding and speculation and finally, global modeling methods. The book offers a renewed wisdom on some of the core issues in the world economy today and puts forward important innovations in analyzing these core issues, among which the modular modeling design, the Momagri model being a seminal example of it. Reading this book should inspire fruitful revisions in policy-making to improve the welfare of populations worldwide.
Author : World Bank
Publisher : World Bank Publications
Page : 216 pages
File Size : 23,86 MB
Release : 2006
Category : Business
ISBN : 0821367285
Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."
Author : Mr.Koshy Mathai
Publisher : International Monetary Fund
Page : 84 pages
File Size : 37,67 MB
Release : 2016-09-01
Category : Business & Economics
ISBN : 1475531710
China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.
