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Exporting Services
Through country case studies as well as econometric analysis, this book attempts to identify the factors that have helped developing countries succeed in exporting services. It examines strategies that have been successful as well as those that have not delivered expected results..
Let Workers Move
Unlike the movement of capital, the movement of labor across countries remains highly restricted—despite the huge global returns to international labor mobility. If the benefits of temporary labor mobility are so great, why is there not more movement? Progress appears to have been stymied not by the forum of negotiations but by the political sensitivity associated with even temporary labor mobility. To circumvent this problem, the use of bilateral labor agreements, which are generally not part of trade agreements, has been proposed as an alternative means of increasing temporary labor mobility. This book analyses the viability and performance of these agreements as a complement to other ef...
Georgetown Journal of International Affairs
Climate—Change is Inevitable is the theme of the twenty-first edition of the Georgetown Journal of International Affairs. This issue confronts one of humanity’s most consequential challenges head-on in pursuit of a better world. With insights from practitioners, experts, and academics from around the globe, this edition provides a full and robust picture of the intersecting impacts of climate change—from business to security to culture and beyond. The Georgetown Journal of International Affairs (GJIA) is the flagship, peer-reviewed academic journal of the Edmund A. Walsh School of Foreign Service at Georgetown University. GJIA goes beyond the headlines in identifying and discussing tre...
Economic Development
There is much discussion about global poverty and the billions of people living with almost nothing. Why is it that governments, development banks, think-tanks, academics, NGOs and many others can't just fix the problem? Why is it that seemingly obvious reforms never happen? Why are prosperity and equity so elusive? Is the current backlash against globalization another show-stopper? The revised second edition of Economic Development: What Everyone Needs to Know(R) brings readers right into the trenches of development policies to show what practitioners are actually doing and explains the issues, dilemmas, options, frustrations and opportunities they face, day in and day out. In straightforwa...
Infrastructure Financing in India
Governments the world over want to spend more on infrastructure (the benchmark for developing countries is 7-8% of GDP per annum) to lay the foundation for sustained and inclusive growth. India is no exception. It realizes that more needs to be spent on infrastructure for the country to regain its position as the fastest growing large economy in the world. While India spent about 7.2% of its GDP on infrastructure during the Eleventh Plan period (2008-12), this number has recently come down to approximately 5%. The backdrop of the book is the ambitious National Infrastructure Plan (NIP); the Task Force report on the NIP was finalized in April 2020. Since infrastructure investment is crucial to faster and inclusive growth, it is timely that the NIP is actioned now, given that the Indian economy contracted to 7.3% in the financial year 2020-21. This book discusses various aspects of infrastructure financing in detail, with a major section devoted to green financing of infrastructure.
Liberalizing International Trade after Doha
After ten years the Doha Development Round is effectively dead. Although some have suggested that Doha's demise threatens the continued existence of the GATT/WTO system, even with some risks of increasing protectionism, the United States, the European Union, Japan, Brazil, China and India, among others, have too much to lose to make abandoning the WTO a rational option. There are alternatives to a comprehensive package of new or amended multilateral agreements, including existing and future 'plurilateral' trade agreements, new or revised regional trade agreements covering both goods and services, and liberalized national trade laws and regulations in the WTO member nations. This book discusses these alternatives, which although less than ideal, may provide an impetus for continuing trade liberalization both among willing members and in some instances worldwide.
World Development Report 2013
Jobs provide higher earnings and better benefits as countries grow, but they are also a driver of development. Poverty falls as people work their way out of hardship and as jobs empowering women lead to greater investments in children. Efficiency increases as workers get better at what they do, as more productive jobs appear, and less productive ones disappear. Societies flourish as jobs bring together people from different ethnic and social backgrounds and provide alternatives to conflict. Jobs are thus more than a byproduct of economic growth. They are transformational —they are what we earn, what we do, and even who we are. High unemployment and unmet job expectations among youth are th...
Private Cities
Institutional constraints and weak capacity often hamper the ability of local governments in developing countries to steer urbanization. As a result, there are not enough cities to accommodate an unabated rural-urban migration and many of those that exist are messy, sprawling, and disconnected. The flipside is the emergence of entire cities--more than gated communities or industrial parks--led in whole or in part by private actors. To date, little systematic research has been conducted on the conditions that are necessary for such unusual entities to emerge, on the roles played by private actors, or on the consequences for efficiency and equity. 'Private Cities: Outstanding Examples from Dev...
The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.
Future Fragmentation Processes
Future Fragmentation Processes provides a careful examination of global value chains (GVCs) within which Commonwealth members countries specialise at the sectoral level: manufacturing, services and commodity trade, including within the realm of the oceans economy, and reflects on future fragmentation processes.
