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Factor Supply and Substitution, the second in a three-volume study entitled Trade and Employment in Developing Countries, extends the analysis of trade regimes and employment both in depth for single countries and through cross-country analyses. It provides important new evidence of the effects of different trade policies and of the effects of the various factors that make up these policies—exchange rates, wages, social insurance and other taxes, credit, prices, and so on. All six studies reflect a carefully coordinated research strategy that has been carried out by a first-rate team. The researchers combine technical expertise with specialized knowledge of the individual countries.
This first book of a three-volume study examines the way trade policies in developing countries affect the level and composition of employment. There is special emphasis on the effects of import substitution policies that attempt to make a country self-sufficient by producing local substitutes for imports, as compared with policies that further the expansion of imports. Ten countries are studied: Brazil, Chile, Colombia, Indonesia, the Ivory Coast, Pakistan, South Korea, Thailand, Tunisia, and Uruguay. The contributors to the volume analyze the link between trade strategies and employment within a common framework, and the analyses of trade policy include the level and structure of protection, the relation of trade policy to labor demand, the labor intensiveness of trade, and the extent of distortions in factor markets and their effects on trade.
The NBER project on alternative trade strategies and employment analyzed the extent to which employment and income distribution are affected by the choice of trade strategies and by the interaction of trade policies with domestic policies and market distortions. This book, the third and final volume to come from that project, brings together the theory underlying the trade strategies-employment relation and the empirical evidence emanating from the project.
The Role of Trade in Ending Poverty looks at the complex relationships between economic growth, poverty reduction and trade, and examines the challenges that poor people face in benefiting from trade opportunities. Written jointly by the World Bank Group and the WTO, the publication examines how trade could make a greater contribution to ending poverty by increasing efforts to lower trade costs, improve the enabling environment, implement trade policy in conjunction with other areas of policy, better manage risks faced by the poor, and improve data used for policy-making.
The author presents a detailed analysis of the past performance of a large range of developing countries. They are used to examine the opportunities facing other countries in the 1990s. Analysis of the successes of the Newly Industrialising countries has always emphasized the important role of exports-a view reinforced by the problems faced by those countries who have pursued inward-looking strategies and by the impact of the debt crisis in the 1980s. The author shows how national policies have not simply responded to external opportunities, but have used them and adapted their own strategies to international conditions. She also demonstrates the increasing importance of financing constraints. The reduction in the availability of external finance and the restrictions on the type available places a serious limitation on the choice of trade policies and therefore on industrial and development strategies that can be pursued.
Economics of Immigration provides students with the tools needed to examine the economic impact of immigration and immigration policies over the past century. Students will develop an understanding of why and how people migrate across borders and will learn how to analyze the economic causes and effects of immigration. The main objectives of the book are for students to understand the decision to migrate; to understand the impact of immigration on markets and government budgets; and to understand the consequences of immigration policies in a global context. From the first chapter, students will develop an appreciation of the importance of immigration as a separate academic field within labor economics and international economics. Topics covered include the effect of immigration on labor markets, housing markets, international trade, tax revenues, human capital accumulation, and government fiscal balances. The book also considers the impact of immigration on what firms choose to produce, and even on the ethnic diversity of restaurants and on financial markets, as well as the theory and evidence on immigrants’ economic assimilation. The textbook includes a comparative study of immigration policies in a number of immigrant-receiving and sending countries, beginning with the history of immigration policy in the United States. Finally, the book explores immigration topics that directly affect developing countries, such as remittances, brain drain, human trafficking, and rural-urban internal migration. Readers will also be fully equipped with the tools needed to understand and contribute to policy debates on this controversial topic. This is the first textbook to comprehensively cover the economics of immigration, and it is suitable both for economics students and for students studying migration in other disciplines, such as sociology and politics.
Developing countries typically have wage rates that are a small fraction of those in developed countries. Trade theories traditionally attributed this difference to two factors: the relative abundance of the labor supply in the two countries and the relative value of the goods produced. These factors, however, inadequately explain the full differential in almost every comparison of developed and developing countries since the second World War. Providing an important and original perspective for understanding both the development process and policies aimed at raising the standard of living in poorer nations, Perspectives on Trade and Development gathers sixteen of Anne O. Krueger's most important essays on international trade and development economics. Her essays discuss the relationships between trade strategies and development; the links between factor endowments, developing countries' policies, and trade strategies in terms of their growth; the role of economic policy in development; and the international economic environment in which development efforts are taking place. Her analyses are extended to trade and development policies generally, and account for a substantial part of the residue unexplained by past theories. This insightful contribution by an influential scholar will be essential reading for all scholars of trade and development.
The comprehensive range of topics includes: the concept and measurement of development; economic theory and development; economic quality and development; human resource development; international trade; foreign exchange flows and indebtedness; agricultural transformation and development; industrial development; the transnational corporation; the transformation of technology; inflation; stabilization and the IMF. A classic book modernized for contemporary study.
This volume explores the interactions between economic and political reform in developing countries and eastern Europe. Over the past decade there have been significant moves both towards economic reform - essentially involving a greater role for the market and a lesser role for the state - and political reform, with important steps taken towards democratic forms of government. In some areas political change preceded economic reform (as in much of eastern Europe), while elsewhere economic and political reform have gone hand in hand, often as a result of external pressure. The essays cover a wide range of experience of economic and political reforms, from which some general lessons emerge. The most important one is that political and economic reforms interact in complex ways, with political reform often acting to slow down or even reverse economic reform. Secondly, it is shown that the state has an important role to play in guiding reform and preventing market excesses.