Trade and Development: Directions for the 21st Century (In Association With Unctad)

This book questions what enduring lessons have been learned about the interdependence of international trade and economic development during the last fifty years. Since the end of the Cold War and the advent of the WTO, developing countries have been forced to face the choice of whether, and to what extent, to integrate economically with the rest of the world. The key issue of international political economy is emphasized. The authors argue that while integration through trade has become increasingly necessary for successful development, it rapidly encounters a series of problems that remain to be resolved. These range from increasing inequality and instability, the vagaries of WTO rules, persistent agricultural protection in developed countries, through to inadequate finance and new waves of technological innovation. Underlying all these concerns, however, is the deeper question of how much the developing countries can influence the setting of the rules of the international system. Trade and Development examines all the major topics in the area of trade and development, along with proposals for new directions for UNCTAD. The book will be of great interest to academics, researchers, NGOs and policymakers involved in international and development economics. The Essays Are Of High Quality And Full Of Interesting Details, Which Is Not A Surprise Given The Distinguished Group Of Scholars That Contributed. . . This Is An Impressive Collection Of Essays That Adds Significantly To The Discussion Of Policies For Developing Countries In The Context Of Globalization. I Would Strongly Recommend It To Academics And Students Interested In Development, As Well As Policymakers In Developing Countries. Ricardo A. López, Journal Of International Development This Book Questions What Enduring Lessons Have Been Learnt About The Interdependence Of International Trade And Economic Development During The Last 50 Years. Since The End Of The Cold War And The Advent Of The Wto, Developing Countries Have Been Forced To Face The Choice Of Whether, And To What Extent, To Integrate Economically With The Rest Of The World. The Key Issue Of International Political Economy Is Emphasized. The Authors Argue That While Integration Through Trade Has Become Increasingly Necessary For Successful Development, It Rapidly Encounters A Series Of Problems That Remain To Be Resolved. These Range From Increasing Inequality And Instability, The Vagaries Of Wto Rules, Persistent Agricultural Protection In Developed Countries, Through To Inadequate Finance And New Waves Of Technological Innovation. Underlying All These Concerns, However, Is The Deeper Question Of How Much The Developing Countries Can Influence The Setting Of The Rules Of The International System. Trade And Development Examines All The Major Topics In The Area Of Trade And Development, Along With Proposals For New Directions For Unctad. The Book Will Be Of Great Interest To Academics, Researchers, Ngos And Policymakers Involved In International And Development Economics. Introduction / John Toye -- The Historical Conflict Of Socialism And Capitalism, And The Post-socialist Transformation / Bernard Chavance -- Globalization And Development Strategies / Deepak Nayyar -- Trade Policy As Development Policy: Building On Fifty Years' Experience / L. Alan Winters -- Industrialization Under New Wto Law / Alice H. Amsden -- Technological Change And Opportunities For Development As A Moving Target / Carlota Perez -- Financing For Development: Current Trends And Issues For The Future / Kwesi Botchwey -- Agricultural Trade Barriers, Trade Negotiations And The Interests Of Developing Countries / Hans Binswanger, Ernst Lutz -- Economic Dependence On Commodities / Alfred Maizels -- Income Distribution And Development / Frances Stewart -- Order, The Rule Of Law And Moral Norms / Jean-philippe Platteau -- Regional Cooperation In A Changing Global Environment: Success And Failure Of East Asia / Ippei Yamazawa -- Economic Governance Institutions In A Global Political Economy: Implications For Developing Countries / Peter Evans. Edited By John Toye. The Work Is Published For And On Behalf Of The United Nations. Papers Presented At A Round Table Of Eminent Economists At The Opening Session Of Unctad X In Bangkok, Thailand, 2000. Includes Bibliographical References And Index. Contents......Page 6 Contributors......Page 7 1. IntroductionJohn Toye......Page 8 2. The historical conflict of socialismand capitalism, and the post-socialisttransformationBernard Chavance......Page 22 3. Globalization and developmentstrategiesDeepak Nayyar......Page 42 4. Trade policy as development policy:building on fifty years’ experienceL. Alan Winters......Page 69 5. Industrialization under new WTO lawAlice H. Amsden......Page 89 6. Technological change andopportunities for developmentas a moving targetCarlota Perez......Page 107 7. Financing for development:current trends and issues for the futureKwesi Botchwey......Page 138 8. Agricultural trade barriers, tradenegotiations, and the interests ofdeveloping countriesHans Binswanger and Ernst Lutz1......Page 158 9. Economic dependence on commoditiesAlfred Maizels......Page 176 10. Income distribution and developmentFrances Stewart......Page 192 11. Order, the rule of law and moral normsJean-Philippe Platteau......Page 225 12. Regional cooperation in a changingglobal environment: success andfailure of East AsiaIppei Yamazawa......Page 275 13. Economic governance institutions in aglobal political economy: implicationsfor developing countriesPeter Evans......Page 295 Index......Page 316 This work questions what enduring lessons have been learnt about the interdependence of international trade and economic development since 1950. Since the end of the Cold War and the advent of the WTO, developing countries have been forced to face the choice of whether, and to what extent, to integrate economically with the rest of the world. The key issue of international political economy is emphasized. The authors argue that while integration through trade has become increasingly necessary for successful development, it rapidly encounters a series of problems that remain to be resolved. The