Industrial policy and developmental space: The missing piece in the GVCs debate
Demián Dalle, Verónica Fossati, Federico Lavopa 13 April 2014
Discussions of global value chains (GVCs) have permeated international organisations’ research and policy agendas. This column presents a critical view on some of the recent policy recommendations that urge for as much liberalisation of trade in goods and services as possible. These proposals cannot be automatically applied to developing countries without some type of government intervention.
Global value chains (GVCs) have gained unusual prominence in the research agendas of international organisations and academics devoted to the study of international trade and economics. They have also been in the spotlight of negotiating tables of the main international economic fora held during 2013.
Development International trade
developing economies, industrial policy, GVCs
Old wine in new bottles? Non-traditional sources of foreign direct investment
Maximiliano Sosa Andrés, Christiane Krieger-Boden, Peter Nunnenkamp 08 March 2012
Investors from emerging and developing economies are becoming bigger players in FDI, particularly in developing countries. While some raise concerns that emerging economies might gain control over raw materials, others are hopeful that non-traditional investors might provide new opportunities for development. This column analyses these new FDI flows and finds that while fears may be exaggerated so too is the optimism.
The share of developing and emerging economies in total outward FDI flows multiplied from a meagre 5% in 1990 to almost 30% in 2010 (Figure 1). The flows from the BRICS and other new sources proved to be stable when those from developed economies crashed by 50% due to the financial crisis in 2007–08.
Figure 1. FDI outflows by origin 1990–2010
Development International finance
FDI, emerging economies, developing economies
“Development and the crisis” – a critical reading
Francisco Rodríguez 23 February 2009
The development theme in the Global Crisis Debate has elicited many important and novel contributions on what the crisis means for the developing world and how developing nations should react. This column provides a synthesis and commentary of the key proposals.
The “Development and the crisis” theme in Vox’s Global Crisis Debate provides a refreshing counterweight to current discussions’ overwhelming emphasis the effect of the crisis on developed nations. The emphasis in these discussions is so unbalanced that – as Tom Coupé found out interviewing participants at the GDN – most of those coming from developing countries do not even expect a recession to occur in their country.
Development Global crisis
reserve currency, US dollar, G20, global crisis, child poverty, bank nationalisation, developing economies, preschool, Georgetown