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Structural Adjustment In Developed Open Economies
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Book Synopsis Our Continent, Our Future by : P. Thandika Mkandawire
Download or read book Our Continent, Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Book Synopsis Structural Adjustment in Developed Open Economies by : Douglas Hague
Download or read book Structural Adjustment in Developed Open Economies written by Douglas Hague and published by Springer. This book was released on 1985-08-12 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Global Trade Slowdown by : Cristina Constantinescu
Download or read book The Global Trade Slowdown written by Cristina Constantinescu and published by International Monetary Fund. This book was released on 2015-01-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.
Book Synopsis Digital Transformation and the World Economy by : Andrei Rudskoi
Download or read book Digital Transformation and the World Economy written by Andrei Rudskoi and published by Springer Nature. This book was released on 2022-01-24 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nanotechnology, biotechnology, information technology, and cognitive sciences are contributing to the emergence of intelligent computers and robots with elements of artificial intelligence and intelligent machines. This book postulates that these developments are accelerating the technological substitution of jobs and the shift in labor demand towards high qualification levels, putting the jobs of lower-skilled labor at risk. The digital economy is poised to increase the demand for highly qualified specialists in STEM fields (scientific research, innovative technologies, engineering, and mathematics serving digital technologies). In addition, highly skilled robotics engineers, AI and machine learning specialists, and virtual and augmented reality architects will be required. This book, using sector-focused mathematical models, explores how the demand for specialized human capital will play a decisive role in increasing the efficiency and productivity of labor in the digital economy. Success is guaranteed to those entrepreneurs who manage to establish a successful process of interaction with intelligent machines, which will require a deep restructuring of the training system for the digital economy.
Book Synopsis News Shocks in Open Economies by : Mr.Rabah Arezki
Download or read book News Shocks in Open Economies written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2015-09-29 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.
Book Synopsis Structural Reforms and Economic Performance in Advanced and Developing Countries by : Mr.Jonathan David Ostry
Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Book Synopsis IMF Conditionality by : John Williamson
Download or read book IMF Conditionality written by John Williamson and published by MIT Press (MA). This book was released on 1983 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.
Book Synopsis Globalization and Progressive Economic Policy by : Dean Baker
Download or read book Globalization and Progressive Economic Policy written by Dean Baker and published by Cambridge University Press. This book was released on 1998-11-05 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prominent economists analyze the impact of the emerging global economy on national sovereignty and standards of living.
Book Synopsis The Politics of Economic Adjustment by : Stephan Haggard
Download or read book The Politics of Economic Adjustment written by Stephan Haggard and published by Princeton University Press. This book was released on 1992 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.
Book Synopsis Innovation Capabilities and Economic Development in Open Economies by : Vanessa Casadella
Download or read book Innovation Capabilities and Economic Development in Open Economies written by Vanessa Casadella and published by John Wiley & Sons. This book was released on 2015-10-02 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The innovation capacity-building can contribute to improve the integration of developing countries in the world economy. The economic development has been a much discussed subject of the period after the Second World War until the 1990s. After the implementation of a global regulation system for trade and capital flows in the 1990s, the development economics has almost disappeared in favor of different theories on globalization, on finance and on international trade. The purpose of this book is to show that the innovation capacity building in developing countries is necessary to improve their weight in the world economy and to facilitate their economic ties with northern countries. However, there are important difficulties due to the lack of proactive economic policies. Our aim is to contribute to the revival of the development economics. The issue of improving the well-being of the world population as a whole is highly topical. However, studies neglect the need to give economic, financial, technological and political resources to developing countries to promote their own development. One of the most important means is to strengthen their innovation capabilities that allow them to better integrate into the world economy.
Book Synopsis Informal Economy Wage Goods and the Changing Patterns of Accumulation Under Structural Adjustment by : Marc Wuyts
Download or read book Informal Economy Wage Goods and the Changing Patterns of Accumulation Under Structural Adjustment written by Marc Wuyts and published by Economic and Social Research Foundation. This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Jamaican Economy In The 1980s by : Robert E. Looney
Download or read book The Jamaican Economy In The 1980s written by Robert E. Looney and published by Routledge. This book was released on 2019-09-06 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the main causes of deterioration in the Jamaican economy since 1972 and assesses the prospects for returning to a period of stable growth under an International Monetary Fund Stabilization program. Considering both the role of international economic conditions and domestic policies on Jamaica's economic decline, Dr. Looney compares the viability of the socialist model of development, implemented between 1972 and 1980, with that of the U.S.-sponsored supply side model. He raises important questions about the ability of small open economies to sustain acceptable rates of growth in the existing world economic environment, the effectiveness of IMF Stabilization programs on these economies, the possible impact of supply side development strategies, and the significance of Caribbean Basin Initiative policies for growth and stability in the area.
Book Synopsis Structural Economic Dynamics by : Luigi Pasinetti
Download or read book Structural Economic Dynamics written by Luigi Pasinetti and published by Cambridge University Press. This book was released on 2006-11-02 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.
Author :Harvard University, Cambridge, MA, USA John F. Kennedy School of Government Publisher :Springer ISBN 13 :1349112747 Total Pages :289 pages Book Rating :4.3/5 (491 download)
Book Synopsis The Political Economy of Turkey by : Harvard University, Cambridge, MA, USA John F. Kennedy School of Government
Download or read book The Political Economy of Turkey written by Harvard University, Cambridge, MA, USA John F. Kennedy School of Government and published by Springer. This book was released on 1990-06-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.
Download or read book Open Economies written by Ian Goldin and published by Cambridge University Press. This book was released on 1992-05-28 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the interaction between macroeconomic and agricultural sector reforms in developing and East European economies.
Book Synopsis New Perspectives on Structural Change by : Ludovico Alcorta
Download or read book New Perspectives on Structural Change written by Ludovico Alcorta and published by Oxford University Press. This book was released on 2021 with total page 743 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a comprehensive edited volume that outlines the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field.
Book Synopsis Structural Reforms, Productivity and Technological Change in Latin America by : Jorge M. Katz
Download or read book Structural Reforms, Productivity and Technological Change in Latin America written by Jorge M. Katz and published by United Nations Publications. This book was released on 2001 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
