International Trade and Conflict

The availability of natural resources can directly affect the prospects of growth of a nation and their geographic distribution is uneven across and within countries. On one hand this can create opportunities for international trade between resource scarce and resource rich countries or, at the national level, generate revenues to be invested in development projects.… read more ...

The Quest for Prosperity: How Developing Economies Can Take Off

“How can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn’t do for the poor world. In The Quest for Prosperity, Justin Yifu Lin–the first non-Westerner to be chief economist of the World Bank–focuses on what developing nations can do to help themselves…” [Publisher’s book website]
Reviews / Comments
Book review by Monika Kerekes in Journal of Economics, 109(1), May 2013.… read more ...

What do IMF Structural Adjustment Programmes Achieve?

Among the stated aims of the International Monetary Fund (IMF) is to promote high employment and sustainable economic growth, and reduce poverty around the world.  And yet there is considerable debate over how successful it has been at accomplishing these objectives.  One view is that it manages a considerable degree of success in institutional environments where growth is extremely difficult to establish.  Another is that the IMF prioritises the interests of creditor nations at the expense of the poor in donor countries.  Recently, evidence has emerged that IMF programmes may even contribute to the eruption of violence in debtor nations as people protest against the austerity measures that structural adjustment programmes entail.… read more ...

The TRIPS Agreement and Industrial Development

The Trade Related Aspects of Intellectual Property (TRIPS) agreement is an undertaking by members of the World Trade Organisation (WTO) to respect each others’ property rights.  At its inception, its main purpose was to protect the intellectual property rights (IPRs) of Northern firms, who have historically tended to be the main innovators, in Southern markets where imitation was prevalent.

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Reforming the World Trading System to Better Integrate Developing Countries

Ever since the conclusion of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994, there has been a growing sense that the GATT, and the World Trade Organisation (WTO) that has superseded it, favours the interests of developed countries.  In response to this, a line of research has developed to investigate possible reforms to the world trading system (the set of rules that forms the basis of the GATT/WTO) so that it better represents the interests of developing countries as well.… read more ...

One Economics, Many Recipes: Globalization, Institutions, and Economic Growth

“In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities rather than obeying the dictates of the international globalization establishment.read more ...