Author: Jean Baneth
Publisher: Washington, D.C. : World Bank
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 72
Book Description
An export-oriented development strategy has long formed a main thrust of the World Bank's advice to developing countries. This paper sets out to examine whether one of the essential preconditions for successful implementation of that advice is valid: whether industrial countries are open to developing countries' exports. On the basis of what happened to merchandise trade in the 1980s, it concludes that markets were indeed free to imports of manufactures; protectionism was largely a myth. This paper is a revised version of work first published as WPS1098. This revised version takes a somewhat more intensive look at the interactions of trade, growth, and employment in the industrial countries. It concludes that this has not been as smooth and problem-free as some enthusiastic advocates of free trade would have it. During a period of low investment and low growth, some of the potential benefits of free trade cannot be captured, while some of its costs can be immediately felt; when the most intensive competition comes from relatively low wage countries, its impact is most directly felt by labor. In such circumstances, the political attractiveness of protectionism can become huge. However, the paper decisively rejects that route. Protectionism, it argues, would veil real problems, and at best, offer a placebo for real difficulties. Industrial economies, the paper concludes, should not try to hide from competition, but improve their ability to meet it.
"Fortress Europe" and Other Myths about Trade
Author: Jean Baneth
Publisher: Washington, D.C. : World Bank
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 72
Book Description
An export-oriented development strategy has long formed a main thrust of the World Bank's advice to developing countries. This paper sets out to examine whether one of the essential preconditions for successful implementation of that advice is valid: whether industrial countries are open to developing countries' exports. On the basis of what happened to merchandise trade in the 1980s, it concludes that markets were indeed free to imports of manufactures; protectionism was largely a myth. This paper is a revised version of work first published as WPS1098. This revised version takes a somewhat more intensive look at the interactions of trade, growth, and employment in the industrial countries. It concludes that this has not been as smooth and problem-free as some enthusiastic advocates of free trade would have it. During a period of low investment and low growth, some of the potential benefits of free trade cannot be captured, while some of its costs can be immediately felt; when the most intensive competition comes from relatively low wage countries, its impact is most directly felt by labor. In such circumstances, the political attractiveness of protectionism can become huge. However, the paper decisively rejects that route. Protectionism, it argues, would veil real problems, and at best, offer a placebo for real difficulties. Industrial economies, the paper concludes, should not try to hide from competition, but improve their ability to meet it.
Publisher: Washington, D.C. : World Bank
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 72
Book Description
An export-oriented development strategy has long formed a main thrust of the World Bank's advice to developing countries. This paper sets out to examine whether one of the essential preconditions for successful implementation of that advice is valid: whether industrial countries are open to developing countries' exports. On the basis of what happened to merchandise trade in the 1980s, it concludes that markets were indeed free to imports of manufactures; protectionism was largely a myth. This paper is a revised version of work first published as WPS1098. This revised version takes a somewhat more intensive look at the interactions of trade, growth, and employment in the industrial countries. It concludes that this has not been as smooth and problem-free as some enthusiastic advocates of free trade would have it. During a period of low investment and low growth, some of the potential benefits of free trade cannot be captured, while some of its costs can be immediately felt; when the most intensive competition comes from relatively low wage countries, its impact is most directly felt by labor. In such circumstances, the political attractiveness of protectionism can become huge. However, the paper decisively rejects that route. Protectionism, it argues, would veil real problems, and at best, offer a placebo for real difficulties. Industrial economies, the paper concludes, should not try to hide from competition, but improve their ability to meet it.
Fortress Europe and Other Myths Concerning Trade
Author: Jean Baneth
Publisher: World Bank Publications
ISBN:
Category : Industria manufacturera
Languages : en
Pages : 46
Book Description
Publisher: World Bank Publications
ISBN:
Category : Industria manufacturera
Languages : en
Pages : 46
Book Description
"Fortress Europe" and Other Myths Concerning Trade
Author: Jean Baneth
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 40
Book Description
"Fortress Europe" and Other Myths about Trade
Author: Jean Baneth
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 48
Book Description
Free trade in manufactures is a reality in most industrial countries. There is little more to gain from further trade liberalization. But there is much to lose from any retreat fron the open multilateral trading system, or even from threats to it. To preserve the system, the benefits of free trade should be made more tangible through better domestic structural and macroeconomic policies that would raise growth rates and lower unemployment.
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 48
Book Description
Free trade in manufactures is a reality in most industrial countries. There is little more to gain from further trade liberalization. But there is much to lose from any retreat fron the open multilateral trading system, or even from threats to it. To preserve the system, the benefits of free trade should be made more tangible through better domestic structural and macroeconomic policies that would raise growth rates and lower unemployment.
Foreign Investment Law in Central and Eastern Europe
Author: Cheryl Williamson Gray
Publisher: World Bank Publications
ISBN:
Category : Comunidad Economica Europea
Languages : en
Pages : 27
Book Description
Publisher: World Bank Publications
ISBN:
Category : Comunidad Economica Europea
Languages : en
Pages : 27
Book Description
Trade Policy Reform in Latin America and the Caribbean in the 1980a
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 32
Book Description
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 32
Book Description
Trade Unions and Collective Bargaining
Author: Harry Charles Katz
Publisher: World Bank Publications
ISBN:
Category : Paises en desarrollo - Sindicatos
Languages : en
Pages : 45
Book Description
Publisher: World Bank Publications
ISBN:
Category : Paises en desarrollo - Sindicatos
Languages : en
Pages : 45
Book Description
what would happen if all developing countries expanded their manufactured exports?
Author: Will Martin
Publisher: World Bank Publications
ISBN:
Category : Exportaciones
Languages : en
Pages : 34
Book Description
Publisher: World Bank Publications
ISBN:
Category : Exportaciones
Languages : en
Pages : 34
Book Description
Improving Women's Access to Higher Education
Author: Halil Dundar
Publisher: World Bank Publications
ISBN:
Category : Banco Mundial - Proyectos
Languages : en
Pages : 75
Book Description
Projects to increase female participation in higher education are most likely to succeed where there is a strong demand for educated women in the labor market, combined with a high private demand for higher education by women (and their parents).
Publisher: World Bank Publications
ISBN:
Category : Banco Mundial - Proyectos
Languages : en
Pages : 75
Book Description
Projects to increase female participation in higher education are most likely to succeed where there is a strong demand for educated women in the labor market, combined with a high private demand for higher education by women (and their parents).
Financial Reform
Author: Gerard Caprio
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 45
Book Description
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 45
Book Description