Harnessing Trade Opportunities for Growth and Development
Capital Finance International, autumn 2012 The pace of global trade integration over the past two decades has been extraordinary. Trade has been a key driver of global growth, convergence,…
Capital Finance International, autumn 2012 The pace of global trade integration over the past two decades has been extraordinary. Trade has been a key driver of global growth, convergence,…
Over the past several decades international trade has expanded dramatically. Today, the volume of world trade is nearly 32 times greater than its level in 1950, and the ratio…
As the year 2012 unfolds, its main legacy will be its game changing impact on global financial markets. Waning global growth along with central banks’ bold monetary easing policies in advanced economies (AEs) to try to reverse it are changing market dynamics in unexpected ways, across both AEs and emerging market economies (EMEs). The combination of monetary stimulus, fiscal austerity and hesitant structural economic policy reforms in AEs, particularly in Europe, is taking the global financial system into increasingly uncharted territory. How the European Union will address the future of the eurozone, including uncertainties over its banking sector, as well as how the United States handles its Fiscal Cliff, will weigh heavily on economic balances across all economies worldwide. This seems to be a significant point of inflection on the speed of the rebalancing of economic relevance of AEs in favor of EMEs taking place over the last 12 years. Under this scenario, the ability of EMEs to handle their own fiscal, financial, and real economy weaknesses is critically tied to their ability to weather external shocks and take advantage of growing global savings while searching for yield and growth opportunities
Neste artigo fazemos um detalhado exame do comportamento das exportações brasileiras nos últimos 15 anos, analisando não só seu crescimento e composição, mas também diferentes dimensões do seu desempenho, incluindo…
Employment numbers released today by the World Bank shed some light on the resilience of job creation and job preservation heretofore exhibited in most emerging countries. According to the…
In 2001, trade representatives from around the world first arrived in Doha, the capital of tiny Qatar, for the latest round of World Trade Organization (WTO) negotiations. The goal…
Europe is the land of generous social programs with not as much inequality as in the U.S., right? It is fair to say that low interpersonal inequality in general…
Drug trafficking is nothing new. But with the current levels of violence we are seeing, its effects on society and economic activity are staggering. From the suffering of victims,…
The Fight Against Drug Trafficking: A Challenge for All of Us New York | June 26, 2012 Remarks for Thematic Debate of the United Nations General Assembly on Drugs…
After the elections that took place in Greece over the weekend, many European leaders breathed a sigh of relief…for a couple of hours. With the narrow defeat of the…
Whenever we think of textile workers nowadays, we tend to think about cheap labor—particularly women sewing in overcrowded factories. In fact, the textile industry nurtures the narrative of how maquiladoras in…
Recent data show that poverty is falling around the world. Today, 43 percent of people are considered to be living in “poverty” (on less than $2 per day), compared…
It has been argued for some decades that large endowments of natural resources—oil, gas, and minerals in particular—may actually become more of a curse, often leading to slow economic…
Imagine a low-income country in the developing world suddenly discovering a large endowment of natural resources within its borders. Perhaps a large oil reserve is found just offshore, or…
OECD/World Bank Recommends More Inclusive Growth Economic Policy MercoPress | May 25, 2012 "A key challenge for policymakers is to create an environment with fewer obstacles to the provision of…