Read more about the article Brazil and South Korea: Two Tales of a Middle-Income Trap

Brazil and South Korea: Two Tales of a Middle-Income Trap

The middle-income trap may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different approaches to global value chains and trade globalization reinforced such discrepancy in domestic accumulation processes.

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Read more about the article Brazilian Economic and Political Outlook 2020/2021+ Economic Development and Global Value Chains Insertion: a view from Brazil and South Korea

Brazilian Economic and Political Outlook 2020/2021+ Economic Development and Global Value Chains Insertion: a view from Brazil and South Korea

Brazilian Economic and Political Outlook: The discussion about the Economic and Political Outlook 2020/2021, was moderated by John Welch, Executive Director of the Brazilian American Chamber of Commerce in NY, the Dunn Liberty Fellow in Economics at The King’s College, and Member of the Board of the Brazil-Canada Chamber of Commerce, with the participation of Christopher Garman, Managing Director at Eurasia, Andrea Gardella, Senior Economist at Export Development Canada and Otaviano Canuto, Principal, Center for Macroeconomics for Development. -------------------------- Economic Development and Global Value Chains Insertion: a view from Brazil and South Korea: Speakers: Otaviano Canuto - Senior Fellow at the Policy Center for the New South; Joonkoo Lee - Professor, Hanyang University. Moderator: Leonardo Paz Neves - Intelligence Analyst, International Intelligence Unit, Fundação Getulio Vargas

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Read more about the article Brazil, South Korea: Two Tales of Climbing an Income Ladder

Brazil, South Korea: Two Tales of Climbing an Income Ladder

The “middle income trap” may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different approaches to global value chains and trade globalization reinforced such discrepancy in domestic accumulation processes.

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Read more about the article Brazil, South Korea, and Global Value Chains: A Tale of Two Countries

Brazil, South Korea, and Global Value Chains: A Tale of Two Countries

South Korea has climbed the income per capita ladder up to high levels, while Brazil may be considered a case of a “middle-income trap”. Such divergence of economic growth performances can be related to their distinctive approaches to global value chains and trade globalization, as well as to domestic accumulation of technological and organizational capabilities.

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Read more about the article Brazil, Korea: Two Tales of a Macroprudential Regulation
Kajiado, Kenya 2010

Brazil, Korea: Two Tales of a Macroprudential Regulation

There are still serious questions on how to proceed with the complementary use of prudential regulation and monetary policy. While there are already lessons from emerging markets’ use of the macroprudential policy toolkit, more experience and analysis, particularly on its interaction with monetary policy is needed.

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Read more about the article Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

The 2008 financial crisis has emphasized the importance of macro financial linkages. In the financial sector, attention is now focusing on macro prudential regulations that are geared toward the stability of the financial system as a whole. In the macro arena, the recognition that price stability was not sufficient to guarantee macroeconomic stability and that financial imbalances developed despite low inflation and small output gaps has highlighted the need for additional tools (macro prudential policies) to complement monetary policy in countercyclical management. Emerging markets (EMs) face different conditions and have key structural features that can have a bearing on the relevance and efficacy of policy measures. Drawing on Canuto, Otaviano, and Swati R. Ghosh, eds. 2013. Dealing with the Challenges of Macro Financial Linkages in Emerging Markets. Washington, DC: World Bank), this note discusses the challenges of dealing with macro financial linkages and explores the policy toolkit available for dealing with systemic risks, particularly in the context of EMs.

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