Regulatory Reform for Closing Africa’s Competitiveness Gap
Over the past decade, Africa has been experiencing an economic resurgence. Yet, the continent is facing several difficult challenges and many economies of the region continue to be among the least competitive in the world. Africa’s competitiveness is...
Liberalized trade policy and inequality
The phased elimination of the Multi-Fibre Arrangement has been one of the most compelling trade policy reforms of the early twenty-first century, and has brought in significant changes in the industrial structures of the countries of the global south...
Why the UN Arms Trade Treaty will be Good for Exporters
Alisa DiCaprio The global arms trade is a lucrative business. In 2010, total arms transfers were estimated at US$40 billion. Despite the global...
Terms of Trade and Growth of Resource Economies
The current paper demonstrates a dichotomy of the growth response to changes in the barter terms of trade, employing as case studies the two African countries, Botswana and Nigeria. Using distributed-lag analysis, the paper finds that the effect of...
Regulatory Reform for Closing Africa's Competitiveness Gap
From the book: Oxford Handbook of Africa and Economics, Vol. 2.
Effect of the Liberalization of Investment Policies on Employment and Investment of Multinational Corporations in Africa
There has been a remarkable shift in the attitudes towards globalization. Specifically, the discussion among academics and policymakers has shifted from whether globalization should be encouraged to how countries can position themselves to benefit...
Gender Dimensions to the Incidence of Tariff Liberalization
This paper evaluates a topic in the globalization and poverty debate that is often difficult to measure, namely the transmission of price changes associated with tariff liberalization to households. Furthermore, it raises the question of whether...
Access by the Poor in Latin America's Utility Reform
Any infrastructure reformers concerned with social issues in a developing country need to address two problems. The first is increasing access by the poor, and the second is ensuring consumption affordability, i.e. the ability of the poor to pay for...
Can Free Trade Guarantee Gains from Trade?
Static and dynamic gains from trade are the reasons why countries embark on the path of free trade, expecting this to promote industrialization and development. There is nothing, however, in the conventional theory of international trade that...
FDI Liberalization as a Source of Comparative Advantage in China
Three features of China’s trade patterns suggest that elements beyond factor abundance explain its export performance. The high penetration in world markets of labour-intensive products has been accompanied by: (i) a high share in exports of...
Vietnam Following in China’s Footsteps
Vietnam has been following China’s path closely and very successfully for the last two decades, since the adoption of ‘Doi moi’ in 1986. Over those last two decades, economic growth rates in both countries have been the highest worldwide (with GDP...
Developing Countries and the Political Economy of the Trading System
This paper analyses a number of the challenges confronting developing countries seeking to use the WTO Doha negotiations to promote their economic growth and performance. A precondition for success is to have clear objectives and to take a pro-active...
The Liberalization of Capital Outflows in CIBS
This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South Africa (CIBS) for other developing countries. It focuses on their prospects of attracting not only foreign direct investment (FDI), but...
Trade Liberalization, Employment Flows and Wage Inequality in Brazil
Using nationally representative, economy-wide data, this paper investigates the relative importance of trade-mandated effects on industry wage premiums; industry and economy-wide skill premiums; and employment flows in accounting for changes in the...
This paper offers a broad overview of the Hungarian development strategy over the past two decades. Combining historical and functional analysis, some major strengths and weaknesses are identified, with special emphasis on the country’s open-door...
The Rise of the Southern Economies
The rise of the emerging southern economies – China, India, Brazil, and South Africa (CIBS) – as both economic and political actors, is having significant and far-reaching impact on the world economy. Notwithstanding the increasing amount of study...
The Geographical Location of Manufacturing Exporters in South Africa
This paper provides empirical evidence on the location of export-oriented manufacturing firms in Africa (South Africa), and on how the patterns of location has changed over the past decade after the country embarked on trade liberalization. It is...
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