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How Do Differing Standards Increase Trade Costs?
Abstract: "The pallet is a platform used for storing, handling, and transporting products. There are hundreds of different pallet sizes around the world. Raballand and Aldaz-Carroll examine the case of pallets to illustrate the impact of multiplicity of standards on trade costs. They select this case because pallets are used all around the world, pallet standards are not too sophisticated, and data on the impact of pallet standards are to some extent available. The authors examine why there are so many different pallet sizes, the associated trade costs, and the reasons why countries have not harmonized pallet sizes to eliminate such costs. They then present options for exporters to mitigate ...
Liberalizing Trade in Services
Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives.
Finance, Financial Sector Policies, and Long-run Growth
Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.
Cryptocurrencies and Blockchain Technology
With cryptocurrencies like Bitcoin on the rise, many wonder if these digital currencies could be the exchange medium of the future, but what are cryptocurrencies and the blockchain technology that facilitates them? Blockchain technology involves linking a series of digital records through cryptography without the use of a centralized server, which when applied to asset exchange creates cryptocurrencies. However, there are various concerns about the ability to regulate cryptocurrencies, their stability, and whether they can be applied on a global scale. This volume enables readers to better understand these new technologies and the controversies surrounding them.
The Big Push for Transformation Through Climate and Development
The High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth came together to provide policy analysis and practical proposals for actions that could help countries secure a strong recovery from the pandemic and a successful green transition. This report pulls together key findings from the deliberations and provides actionable recommendations to support a pathway to green, resilient, and inclusive development (GRID). The HLAG started by assessing the scale and nature of investment and financing challenges. It was immediately clear that investment needs require rapid and sustained scaling up: conservative estimates presented to the HLAG by Bhattacharya et al. (2022) suggest that EMDEs other than China have aggregate investment and development spending needs on the order of at least $1.3 trillion per year by 2025 and $3.5 trillion per year by 2030.
Regional Approaches to Better Standards Systems
"Developing countries face an increasing need to upgrade the standards of their domestic markets and of their exports. This paper examines different approaches available to them for upgrading their standards and conformity assessment procedures. It focuses particularly on those followed within the context of regional trade agreements (RTAs), as these are yielding promising results. Based on interviews performed in Latin America and on previous literature, the paper draws common features of a RTA standard and conformity assessment upgrading and harmonization process, identifies some of its main challenges, and suggests principles that developing countries could follow in such a process."--World Bank web site.
Trusting Trade and the Private Sector for Food Security in Southeast Asia
The study examines private sector participation in rice and (yellow) maize markets in five (5) ASEAN countries, namely Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, with the objective of identifying the potential role that it could play to provide greater regional food security.
Escaping the Poverty Trap
Basing their discussions on the concept of "intergenerational transmission of poverty"--the "process by which poor parents pass on poverty and disadvantage to their children," in the words of editor Moran (until recently a senior economist with the International Development Bank's Sustainable Development Department)--five essays reflect on political, philosophical, social, and other dimensions of investing in early childhood in Latin America. The essays include Amartya Sen's discussion of early childhood investment within the context of the overall development process, as well explorations of the relationship between health, nutrition, and cognitive and social dimensions of poverty; the impact of early childhood investment on economic growth and equity; and the role of the state in marshalling resources for early childhood investment. Distributed by Johns Hopkins U. Press. Annotation : 2004 Book News, Inc., Portland, OR (booknews.com).
Migrant Actors Worldwide
“Capital is moved to where low-wage labour is available, and migrants move – often in large numbers – to where investments and/or wealth accumulated due to specific historic factors create a demand for labour”. This volume explores this idea and contributes to the fields of global labour, working-class, and migration history by illuminating the lives of working people over the 19th and 20th centuries. The book's twenty authors discuss a wide range of topics, from capital investments in terms of the availability of low-wage labour and forced mobilization to gender discrimination. Contributors are: Selda Altan, Beate Althammer, Nina Trige Andersen, Cecilia Bruzelius, Geoffrey Ewen, Katharine Frederick, Veronika Helfert, Dirk Hoerder, Ritesh Kumar Jaiswal, Dácil Juif, Radhika Kanchana, Leslie Page Moch, Lukas Neissl, Christof Parnreiter, Lucas Poy, Richard Saich, Mahua Sarkar, Lewis H. Siegelbaum, Yukari Takai, and Aliki Vaxevanoglou.
Managing Openness
The global financial crisis triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. The crisis-induced collapse in trade was the sharpest ever since World War II, affecting all countries and all product categories. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to call into question the basic underlying assumptions of trade liberalization and openness. In particular, outward-oriented or export-led growth strategies are being reassessed as openness is increasingly associated with greater volatility. However, it is crucial not to lose sight of the dynamic benefits tha...
