Developing Countries in the Global Economy: A Forward Looking View
AbstractThis paper discusses what the next few decades could bring for the developing countries in terms of the size and composition of their trade and inward investment flows, as well as a possibly changing policy framework within the global economy in which they have to operate. Both the prospects and implications are clearly different from country to country, but given the breadth of the paper the focus is more on impacts on groups of countries rather than on specific countries. The bottom line of the paper, is a cautious one. Three nagging questions are repeatedly re-emphasized. Can trade growth really be high enough on the import side in the OECD if now 100 or more developing countries see globalization and increased exports as their primary route to growth, industrialization, and development. Can barrier reductions in OECD markets and future WTO negotiations be relied on to fuel this, as in the past; and is there a more sinister scenario that new barrier increases could even choke off some of the trade growth? And what is to happen to development strategies if this course fails, as it seemingly has done so already for the low income countries? Having posed these questions, there are bright spots; the more rapid growth of South-South trade, even more rapid growth of least-developed to mid-developed country trade; higher growth rates of FDI than trade, and more and more developing country trade being investment driven. The papers’ overriding message is perhaps that the world is not static, and country strategies toward the global economy need to reflect this.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick in its series CSGR Working papers series with number 36/99.
Date of creation: Jul 1999
Date of revision:
Contact details of provider:
Postal: Centre for the Study of Globalisation and Regionalisation (CSGR) University of Warwick Coventry CV4 7AL, U.K.
Phone: +44 (0) 1203 572 533
Fax: +44 (0) 1203 572 548
Web page: http://www.warwick.ac.uk/fac/soc/CSGR/
More information through EDIRC
Developing Countries; global Economy; Trade; Globalization;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Adam McCarty, 2001. "Globalisation and Human Development," International Trade 0110001, EconWPA.
- Austria, Myrna S., 2003. "East Asian Regional Cooperation: Approaches and Processes," Discussion Papers DP 2003-02, Philippine Institute for Development Studies.
- Austria, Myrna S., 2002. "The Philippines in the Global Trading Environment: Looking Back and the Road Ahead," Discussion Papers DP 2002-15, Philippine Institute for Development Studies.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.