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Policy Space: What, For What, And Where?

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  • Jörg Mayer

Abstract

The paper examines how developing countries can use existing policy space, and enlarge it, without opting out of international commitments. It argues that: (i) a meaningful context for policy space must extend beyond trade policy and include macroeconomic and exchange-rate policies that will achieve developmental goals more effectively; (ii) policy space depends not only on international rules but also on the impact of international market conditions and policy decisions taken in other countries on the effectiveness of national policy instruments; and (iii) international integration affects policy space through several factors that pull in opposite directions; whether it increases or reduces policy space differs by country and type of integration.

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Bibliographic Info

Paper provided by United Nations Conference on Trade and Development in its series UNCTAD Discussion Papers with number 191.

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Date of creation: 2008
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Handle: RePEc:unc:dispap:191

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References

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  1. Jörg MAYER, 2000. "Globalization, Technology Tranfer And Skill Accumulation In Low-Income Countries," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 150, United Nations Conference on Trade and Development.
  2. Jörg Mayer & Arunas Butkevicius & Ali Kadri, 2002. "Dynamic Products In World Exports," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 159, United Nations Conference on Trade and Development.
  3. Lucas Assuncao & ZhongXiang Zhang, 2002. "Domestics Climate Change Policies And The Wto," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 164, United Nations Conference on Trade and Development.
  4. Jörg Mayer & Pilar Fajarnes, 2005. "Tripling Africa´S Primary Exports: What? How? Where?," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 180, United Nations Conference on Trade and Development.
  5. Jörg Mayer, 2002. "The Fallacy of Composition: A Review of the Literature," The World Economy, Wiley Blackwell, vol. 25(6), pages 875-894, 06.
  6. M. Branchi & G. Gabriele & V. Spiezia, 1999. "Traditional Agricultural Exports, External Dependency And Domestic Price Policies. African Coffee Exports In A Comparative Perspective," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 140, United Nations Conference on Trade and Development.
  7. Martina Metzger, 2008. "Regional Cooperation And Integration In Sub-Saharan Africa," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 189, United Nations Conference on Trade and Development.
  8. Yuefen Li, 2003. "China´S Accession To Wto: Exaggerated Fears?," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 165, United Nations Conference on Trade and Development.
  9. Mehdi SHAFAEDDIN, 2000. "What Did Frederick List Actually Say? Some Clarifications On The Infant Industry Argument," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 149, United Nations Conference on Trade and Development.
  10. Manuel Agosin & Roberto Machado, 2005. "Foreign Investment in Developing Countries: Does it Crowd in Domestic Investment?," Oxford Development Studies, Taylor & Francis Journals, vol. 33(2), pages 149-162.
  11. Alberto GABRIELE, 2001. "Science And Technology Policies, Industrial Reform And Technical Progress In China. Can Socialist Property Rights Be Compatible With Technological Catching Up?," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 155, United Nations Conference on Trade and Development.
  12. S.M. Shafaeddin, 2002. "The Impact Of China´S Accession To Wto On The Exports Of Developing Countries," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 160, United Nations Conference on Trade and Development.
  13. Heiner FLASSBECK, 2002. "The Exchange Rate: Economic Policy Tool Or Market Price?," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 157, United Nations Conference on Trade and Development.
  14. Jörg MAYER, 2004. "Industrialization In Developing Countries: Some Evidence From A New Economic Geography Perspective," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 174, United Nations Conference on Trade and Development.
  15. Michael Geiger, 2008. "Instruments Of Monetary Policy In China And Their Effectiveness: 1994–2006," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 187, United Nations Conference on Trade and Development.
  16. Alberto Gabriele, 2004. "Policy Alternatives In Reforming Power Utilities In Developing Countries: A Critical Survey," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 168, United Nations Conference on Trade and Development.
  17. Shigehisa Kasahara, 2004. "The Flying Geese Paradigm: A Critical Study Of Its Application To East Asian Regional Development," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 169, United Nations Conference on Trade and Development.
  18. Jörg MAYER, 2004. "Not Totally Naked: Textiles And Clothing Trade In A Quota Free Environment," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 176, United Nations Conference on Trade and Development.
  19. Marwan Elkhoury, 2007. "Credit Rating Agencies And Their Potential Impact On Developing Countries," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 186, United Nations Conference on Trade and Development.
  20. S.M. Shafaeddin, 2005. "Trade Liberalization And Economic Reform In Developing Countries: Structural Change Or De-Industrialization?," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 179, United Nations Conference on Trade and Development.
  21. Jörg MAYER, 2001. "Technology Diffusion, Human Capital And Economic Growth In Developing Countries," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 154, United Nations Conference on Trade and Development.
  22. Ugo Panizza, 2008. "Domestic And External Public Debt In Developing Countries," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 188, United Nations Conference on Trade and Development.
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Cited by:
  1. Poomjai Nacaskul & Kritchaya Janjaroen & Suparit Suwanik, 2012. "Economic Rationales for Central Banking: Historical Evolution, Policy Space, Institutional Integrity, and Paradigm Challenges," Working Papers 2012-04, Economic Research Department, Bank of Thailand.
  2. Enrique Cosio-Pascal, 2008. "The Emerging Of A Multilateral Forum For Debt Restructuring: The Paris Club," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 192, United Nations Conference on Trade and Development.
  3. Kevin P. Gallagher, 2010. "Policy Space to Prevent and Mitigate Financial Crises in Trade and Investment Agreements," G-24 Discussion Papers 58, United Nations Conference on Trade and Development.
  4. Sebastian Dullien, 2009. "Central Banking, Financial Institutions And Credit Creation In Developing Countries," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 193, United Nations Conference on Trade and Development.
  5. Kevin P. Gallagher, 2011. "Losing Control: Policy Space to Prevent and Mitigate Financial Crises in Trade and Investment Agreements," Development Policy Review, Overseas Development Institute, vol. 29(4), pages 387-413, 07.

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