Economic network structures, growth and poverty

While investors are advised to diversify in order to manage risk, developing countries are advised instead to liberalise their trade regimes and specialise according to their current comparative advantage. This study uses 67 regions of the GTAP database to investigate the effects of unilateral liberalisation and its impacts on countries’ economic structures and the extent to which this affects countries’ vulnerability to an economic shock. While liberalisation resulted in improvements in GDP and welfare on average, there were significant variations. A number of countries experienced contractions in their GPDs and declines in welfare. While there was no evidence of a relationship between the percentage change in GDP and the initial export or output concentration, there was a positive relationship between the percentage change in GDP and the percentage change in export and output concentrations. On average, increases in GDP following liberalisation were associated with increases in concentration in both the export sector and in overall industrial output and also reductions in the fraction of unskilled labour employed by the main export sector. Initial GDP per capita has no significant effect, implying that once concentration measures and the fraction of costs in the main export are accounted for, the per capita income levels of a country show no systematic effects on the percentage change in GDP induced by the liberalisation. For developing countries undergoing unilateral liberalisation, the results imply that they are likely to experience an increase in GDP, but an increase accompanied by more highly concentrated industrial output and exports, and also a lower fraction of main export costs due to unskilled labour. Following liberalisation, the responses of liberalised and non-liberalised versions of the region’s economies to a shock were compared. The rest of the world’s productivity in the country’s main export was increased by 10%, with the liberalised economies faring marginally worse on average in welfare and terms of trade effects, but slightly better on GDP effects. When the net effects of the initial liberalisation and subsequent technology shock were compared, countries were better off on average if they had liberalised. But this average masked important sectoral differences. Countries specialising in sectors with high proportions of own-commodity inputs in their main export’s total cost, such as manufacturing, did best, while those specialising in food tended to suffer welfare declines. Higher levels of export and output concentration also tended to reduce welfare. This suggests that increased concentration does indeed make countries more vulnerable to certain economic shocks. Finally, the economic network structures of the two extreme cases, Tanzania and Vietnam are compared visually as an aid to interpretation.

Trade and poverty in latin american countries: conceptual and methodological challenges

This paper addresses topics - either relevant or confusing or needing more attention - related to measuring the trade and poverty nexus. It sheds a critical light on the existing material and suggests needed research lines. It starts with questions akin to the LAC realities; then, keeping this view, general methodological issues are also examined. In a broader perspective, further ideas for the research agenda are formulated. The main conclusion is that relevant findings still demand considerable efforts. Moreover, the Information-measurement-model-evaluation paradigm is not enough, policy guidelines being usually too general. In LAC, it must be extended and deepened, accounting more for the heterogeneity of cases, including, whenever possible, the physical constraints and incorporating new ways of integrating both the local and global perspectives. Other aspects, like the role of specific juridical measures, should play a role. How all this can be combined into more encompassing evaluations remains open

Economic Survey of Latin America and the Caribbean 2010-2011: Internacional integration and macroeconomic policy challenges amid global economic turmoil

Includes bibliography

Labour markets, worker protection and lifelong learning in a global economy: experiences and perspectives of Latin America and the Caribbean

Includes bibliography

Trade and poverty in Paraguay: the case of an agribusiness value chain

Incluye bibliografía

Trade, poverty and complementary policies in Latin America

Includes bibliography

Trade and poverty in Paraguay: the case of an agribusiness value chain

Includes bibliography

Istmo Centroamericano y República Dominicana: desafíos de la crisis global al crecimiento agropecuario

Incluye Bibliografía

New contributions to the analysis of poverty: methodological and conceptual challenges to understanding poverty from a gender perspective

Includes bibliography

La nueva pobreza urbana: dinámica global, regional y argentina en las últimas dos décadas

Incluye Bibliografía

The global crisis, speculative capital and innovative financing for development

Includes bibliography

Poverty: description and analysis of policies for overcoming it

Includes bibliography

Poverty and underemployment in Latin America

Includes bibliography

Global economic developments, 1999

Includes bibliography

Gender equality, poverty and achievement of the Millennium Development Goals (MDGs) in the Caribbean subregion

The Millennium Development Goals (MDGs) are fundamentally a set of eight global goals for the achievement of basic economic and social rights for all, with time-bound targets to be achieved by the year 2015. In adopting the Millennium Declaration in 2000, the member States of the United Nations pledged to “spare no effort to free our fellow men, women and children from the abject and dehumanizing conditions of extreme poverty.”1 The focus of this report is on the progress made by Caribbean countries towards the achievement of Goal 1: the eradication of extreme poverty and hunger; and Goal 3: the promotion of gender equality and the empowerment of women, and identifies linkages between the two goals.