Developing Countries In The World Economy

Differences in the choices of trade and macro policies, both by developing countries and by developed countries towards developing countries, have been critical in determining the overall performance of developing countries. All too often, the performance of developing countries has not been assessed using appropriately conducted studies. The papers in this book are chosen to bridge this gap and show how a quantitative approach to policy evaluation can help resolve controversies and explain the choice of observed policies. The book brings together carefully selected papers that assess the impacts of various trade and macro policies, by quantifying the policies of developing countries at the macro level (exchange rate, investment, savings) and at the sector level (trade and industrial policies), in addition to policies of developed countries towards developing countries (trade preferences, quotas, VERs and migration policies). Facets of the political economy of trade, migration, and climate policies are explored (such as the enlargement of the EU, the rise of regionalism and how it can ease the pains of adjustment to trade liberalization, openness and inequality). Growing tensions between trade and the environment are also investigated. In short, this book covers a wide area of events ranging from external and internal shocks to external and internal policies, showing how the consequences of these events can be brought to rigorous quantitative analysis. Differences in the choices of trade and macro policies, both by developing countries and by developed countries towards developing countries, have been critical in determining the overall performance of developing countries. All too often, the performance of developing countries has not been assessed using appropriately conducted studies. The papers in this book are chosen to bridge this gap and show how a quantitative approach to policy evaluation can help resolve controversies and explain the choice of observed policies. The book brings together carefully selected papers that assess the impacts of various trade and macro policies, by quantifying the policies of developing countries at the macro level (exchange rate, investment, savings) and at the sector level (trade and industrial policies), in addition to policies of developed countries towards developing countries (trade preferences, quotas, VERs and migration policies). Facets of the political economy of trade, migration, and climate policies are explored (such as the enlargement of the EU, the rise of regionalism and how it can ease the pains of adjustment to trade liberalization, openness and inequality). Growing tensions between trade and the environment are also investigated. In short, this book covers a wide area of events ranging from external and internal shocks to external and internal policies, showing how the consequences of these events can be brought to rigorous quantitative analysis. Contents: Reforms, Adjustment and Growth: What Went Wrong with the Recent Reforms in the Southern Cone (with Vittorio Corbo and James Tybout) The Effects of Financial Liberalization on Savings and Investment in Uruguay (with James Tybout) Adjustment with a Fixed Exchange Rate: Cameroon, Côte d'Ivoire and Senegal (with Shantayanan Devarajan) Growth-Oriented Adjustment Programs: A Statistical Analysis (with Riccardo Faini, Abdelhak Senhadji and Julie Stanton) Adjustment, Investment and the Real Exchange Rate in Developing Countries (with Riccardo Faini) Fiscal Spending and Economic Growth: Some Stylized Facts (with Céline Carrère) Trade Policies, Market Structure and Market Access: Pricing Policy Under Double Market Power: Madagascar and the International Vanilla Market (with Marcelo Olarreaga and Wendy Takacs) The Influence of Increased Foreign Competition on Industrial Concentration and Profitability (with Shujiro Urata) The Effects of Trade Reforms on Scale and Technical Efficiency: New Evidence from Chile (with Vittorio Corbo...