The global trend towards increasing globalization since the 1990s seems to have had two different distributional consequences: income inequality between countries has declined, while economic inequality within countries has increased. However, technological progress has made the biggest contribution to rising income inequality over the past two decades. Domestic policies – fiscal policies, social protection - are the locus where inequality is to be tackled.
Otaviano Canuto – A importância da articulação continental para a promoção do desenvolvimento Palestra inaugural - 1º Encontro de Economistas-Chefe dos Bancos de Desenvolvimento da América Latina BDMG, Belo Horizonte, MG, Brasil - 20 de setembro de 2019
The diffusion of knowledge and technology worldwide in recent decades has brought important changes to the global innovation landscape. But those changes could be much more profound if countries created more supportive investment environments.
The inclusion in the agreement of commitments regarding food security, environmental sustainability, adherence to the Paris Agreement, labor rights, rights of indigenous communities and others strengthen a Brazilian association to the European style of "globalism", assuaging fears widespread abroad that the country would turn to opposite directions after Brazil’s President Bolsonaro came to government.
The US-China trade truce will become a time-out or an armistice pending on China's response regarding technology policy The trade truce between the United States and China, announced…
08 August 2018 The Brazilian economy pays a price in terms of productivity foregone because of its lack of trade openness. A trade opening process would bring an adjustment…
19 April 2018 - Otaviano Canuto Manufacturing expansion has been a vehicle for job creation, productivity increases, and growth in non-advanced economies since the second half of the last…
Current technological developments in manufacturing are likely to lead to a partial reversal of the wave of fragmentation and global value chains that was at the core of the rise of North-South trade from 1990 onward. At the same time, China – the main hub of the global-growth-cum-structural-change of that period – may attempt to extend the previous wave through its One Belt, One Road initiative.
GLOBALISATION SERIES: FUTURE OF TRADE AND PROTECTIONISM Tue 24 Oct 2017 OMFIF Focus Podcast – Globalisation series: ‘Future of trade and protectionism’. Otaviano Canuto, executive director of the World Bank,…
Global imbalances have not gone away as an issue, as they reveal that the global economic recovery may have been sub-par because of asymmetric excess surpluses in some countries and output below potential in many others. The end of the “era of global imbalances” may have been called too early. Lord Keynes’ argument about the asymmetry of adjustments between deficit and surplus economies remains stronger than ever.
For centuries, Latin America’s economies have revolved around exporting commodities – be it digging up minerals and hydrocarbons, planting soya or coffee, or taking advantage of what animals leave behind,…
Capital Finance International, Autumn 2015 International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained…
World Bank - Policy Research Working Paper 7228 As of 2012, Brazil was the country most closed to trade, by measure of trade penetration (combined share of exports and imports…
The landscape of international trade negotiations has been undergoing an upheaval. On the multilateral level, after 15 years of unsuccessful attempts to close the Doha Development Round at the…
Brazil’s is an unusually closed economy as measured by trade penetration, with exports plus imports equal to just 27.6 per cent of GDP in 2013. As the potential productivity gains from participation in global production networks increase, so does the opportunity cost of Brazil’s failure to open its economy.