Putting Development First: The Importance of Policy Space in the WTO and International Financial Institutions
Some of the world's most prominent development thinkers address the following question in this volume: to what extent are the rules and economic forces that govern the global economy shrinking the 'policy space' that developing countries can draw from in order to construct policies to raise the standards of living of their people? They then analyse the possibly considerable room for manoeuvre that developing countries still have at their disposal despite global macro-economic realities, IMF/World Bank policies, and the trade rules regime of the World Trade Organization. Finally, the authors suggest actual policies that could be put in place in order to preserve existing spaces for development and to expand the tools developing countries can deploy.
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Development Policies in a World of Globalization
The Role of the State in
Toward the Optimum Degree of Openness
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activities advantage Agreement allow areas argued Bank benefits CALIFORNIA capital cent century chapter China commitments competition costs create developing countries DIEGO disciplines domestic East economic effects electricity energy enterprises example export firms foreign further GATS global growth important income increase India industrial policy innovation institutions integration intellectual interest investment issues Italy less liberalization LIBRARIES limited manufacturing means measures Members ment negotiations neoliberal obligations Organization patent performance period political possible production promotion proposed protection reasons recent regime regional requirements restrictions result role rules S&DT sector selective social South South Korea space standards strategy studies subsidies success suggest tariff trade transfer TRIPS Agreement United UNIVERSITY