Suchergebnisse

This volume brings together new contributions from academic economists and political scienists as well as experts from the United Nations. It calls for a more integrated policy approach and studies the processes which lead to explosion of civil strife

This book brings together papers written by representatives from UN agencies and academics who take a fresh look at the expanding role of transnational corporations and foreign direct investment in the world economy. These papers deal with such issues as the nature and extent of globalisation, the shifting relations between transnational corporations and national economies, and the opportunities and obstacles facing policy makers in the rapidly changing global economy.

AbstractFollowing a period of strong growth across all developing regions during the first decade of the millennium and a rapid rebound from the 2008 financial crisis, a combination of falling commodity prices, increasing financial market volatility and weak global demand has negatively affected growth performance in recent years. This growth slowdown has exposed the absence of structural transformation in many developing countries even under robust growth conditions. As a result, increasing attention has turned to the trade and industrialization opportunities offered by participation in global value chains (GVCs). However, while the evidence suggests a positive association between participation in GVCs and increased exports and inward FDI flows, evidence on their supporting structural transformation is weak. This paper discusses strategic approaches to participation in GVCs as part of a broader development agenda. In particular, it focuses on the opportunities offered by regional value chains (RVCs) and South‐South cooperation and examines the role of industrial policy, with reference to the case of Southern Africa.

Inspired by Gunnar Myrdal's core concepts discussed in his seminal work, Asian Drama: An Inquiry into the Poverty of Nations, published in 1968, this paper analyses the opening-up experiences of three Asian countries (China, India, and Malaysia) by triangulating between the following: (i) the orientation of selected policy tools in trade, technology, investment, and finance in shaping a country's degree of economic openness; (ii) the rational coordination of operational controls of these policy tools to achieve stated objectives; and (iii) the overall development trends observed in the Asia region. The "rational coordination of operational controls" is interpreted with reference to the strategic use of selected policy tools in the historically successful cases of earlier East Asian industrialization. Under this framework, the paper contends that divergence in Asian growth experiences can be understood by variations in institutional capabilities to address market and firm-level (and government) failures in the catch-up process, and the pragmatic experimentation by policymakers in search of more effective institutional mechanisms - carrots, sticks, and competitive pressures - in pursuit of desired development outcomes.