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In our book, we examine Chile's economic, social, and development policies over the past six decades. The focal point is the enduring influence of the neoliberal model—a model that took root in the mid-1970s under authoritarian conditions and persisted through democratic governments, albeit with...
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While multinational corporations (MNCs) make up only 1.9% of firms operating in Uganda, they are overrepresented among tax holiday beneficiaries. New estimates reveal that Uganda’s revenue losses due to these tax expenditures peaked at USD 42 million in 2020.A new dataset allows for the first...
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– Sobering insights from the 27th WIDER Annual Lecture
With several violent conflicts around the world weighing heavily on our minds, we attended the 27th WIDER Annual Lecture. Dr. Pinelopi Goldberg’s lecture on the potentially catastrophic consequences of a deglobalization movement are extremely relevant. In her lecture, titled ‘Globalization in crisis...
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Globalization is in retreat. Trade tensions between China and the United States are escalating, as illustrated by bans to the trade of semiconductor chips. The pandemic exacerbated an already difficult economic reality, raising new concerns about the resilience of global supply chains. Further...
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The world has been trying to curb profit shifting to tax havens for a decade, but consistent time series evaluating the impact of these reforms have been largely absent. This column uses a new time series of global profit shifting covering the 1975–19 period to estimate that the fraction of...
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– Natural gas as a key
Plastics are universal and integrated into different sectors of the economy. Industrial policy requires countries to look at moving up the value chain and producing progressively more sophisticated products to contribute to improved economic development. The input materials that are used for...
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– Blueprint, experiences, and outcomes
East Asia’s successful experience in accelerating the process of industrial development with SEZs paved way for the use of SEZs as policy instruments in Africa. In southern Africa, Zambia and South Africa instituted SEZs in legal and institutional frameworks in the 2000s as mechanisms for catalysing...
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– Letter from the Director
2020 promised to be a big year for UNU-WIDER, with the celebration of our 35th anniversary, the 45th birthday of UNU, and 75 years of the UN. But as the year began, our focus quickly shifted away from celebrations and towards the more pressing concerns of an unprecedented global pandemic. The moment...
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– Can foreign direct investment help South Africa increase the complexity of its exports?
Since the end of apartheid, South Africa’s economic challenges have disrupted efforts to establish a society of inclusive growth and prosperity. Understanding how South Africa can break the pattern of sluggish growth, high unemployment, inequality and poverty is a pressing policy issue. The overall...
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– FP2P Podcast and transcript
Duncan Green: I recently skyped Deepak Nayyar, Professor of Economics at India’s Jawaharlal Nehru University (JNU) to discuss his new book, Resurgent Asia. From Poverty to Power · Deepak Nayyar Podcast You start with an economist called Gunnar Myrdal, who 50 years ago wrote a book saying that Asia...
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In 1820, Asia accounted for two-thirds of the world’s population and more than one-half of global income. The subsequent decline of Asia was attributed to its integration with a world economy shaped by colonialism and driven by imperialism. By the late 1960s, Asia was the poorest continent in the...
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When Gunnar Myrdal published his magnum opus, Asian Drama: An Inquiry into the Poverty of Nations, in 1968, he was deeply pessimistic about the development prospects in Asia. The fifty years since witnessed a remarkable economic transformation in Asia — even if it has been uneven across countries...
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– An Inquiry into the Development of Nations
Gunnar Myrdal published his magnum opus, Asian Drama: An Inquiry into the Poverty of Nations, in 1968. He was deeply pessimistic about development prospects in Asia. The fifty years since then have witnessed a remarkable social and economic transformation in Asia - even if it has been uneven across...
Blog
24 September 2014 Andrés Solimano The era of neoliberal capitalism starting by the late 1970s and early 1980s promotes free trade, capital mobility, fragmented migration, privatization, deregulation and marketization. On the social side neoliberalism seeks the weakening of labour unions and the...
Blog
– Is it about Appearance or Action?
27 May 2013 Matt Andrews, Harvard Kennedy School A growing governance agenda and post-2015 ambitions The governance agenda has grown rapidly in the international development community. Words like ‘governance’ are commonplace and widely referenced indicators yield the agenda particularly visible...
Blog
29 November 2012 Carl-Gustav Lindén In November 2012 UNU-WIDER had the pleasure of hosting a public event with Dr Kaushik Basu, the newly appointed Chief Economist and Senior Vice President for Development Economics of the World Bank. Dr Basu presented to a full house of development professionals...
Blog
GUESTAngle John Langmore and Perrin Wilkins When delivering the eighth WIDER Annual Lecture on rethinking growth strategies in 2004 Dani Rodrik explored means of building the rate of economic growth in poor countries and suggested ‘trying to identify the most binding constraints on economic growth...
Blog
– Linkages with Globalization and Migration
Lorraine Telfer-Taivainen The Central European University (CEU) in Budapest, Hungary, was the venue for the launch on 16 June 2012 of the just-published UNU-WIDER book Urbanization and Development in Asia: Multidimensional Perspectives, edited by Jo Beall, Basudeb Guha-Khasnobis, and Ravi Kanbur...
Research Brief
The strong interdependent relationship between the developed and developing countries made itself visible again with the recent economic downturn. Due to the now truly global character of the economy, the crisis did not only affect the North, where the first signs of crisis were seen in 2007, but...
Research Brief
The view that democracy can be good for development has held sway in influential international development policy circles for over two decades now. And over that time considerable efforts have been made internationally to give direct encouragement and support to moves towards democratic transitions...
Blog
Tony Addison A visit to Buenos Aires in September provided a good vantage point to look at the euro zone’s deepening crisis. Angle readers will recall that Argentina went through a painful adjustment process some ten years ago. This culminated in the peso being forced off its peg to the US dollar in...
Blog
– The Case of Nokia's N95 Smartphone
Jyrki Ali-Yrkkö, Petri Rouvinen, Timo Seppälä, Pekka Ylä-Anttila Available statistics biases the true picture of the current stage of globalization, which is characterized by widespread outsourcing and offshoring. Our concern is that these flaws in available measures may lead to misguided policies...
Blog
Ian Morris The people of Europe and North America still produce two-thirds of the world’s GDP, spend more than two-thirds of its R&D dollars, and own almost all of its nuclear weapons and aircraft carriers. Yet, in recent weeks the USA—the richest, most inventive, and best-armed country in history...
Blog
Machiko Nissanke and Erik Thorbecke Despite the enormous potential of globalization in accelerating economic growth and development through integration into the world economy, the transfer of technology, and the transmission of knowledge, the impact of globalization on poverty reduction has been...
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Globalization offers new opportunities for accelerating development and poverty reduction, but also poses new challenges for policymakers. And there is much concern about the distribution of benefits; in particular whether the poor gain from globalization, and under what circumstances it may...
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This volume presents thirteen studies selected from the three regional conferences organized under the auspices of UNU-WIDER. They illustrate the differential effects of globalization on growth, inequality, and poverty in Asia, Latin America, and Africa. Distinct processes of institutional and socio...
Policy Brief
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Despite the enormous potential of globalization in accelerating economic growth through greater integration into the world economy the impact of globalization on poverty reduction has been uneven. Asia has been the major beneficiary of globalization where high growth rates and its labor-intensive...
Blog
Luc Christiaensen Senior Research Fellow at UNU-WIDER At the G8 July summit in Aquila, Italy, US$ 20 billion was pledged to support farmers in poorer countries. Is the world getting serious about food security? To be sure, while growing water shortages and climate change pose important challenges...
Blog
Alice Amsden, Alisa DiCaprio, and James Robinson To understand what role elites play in the process of economic development, we need to establish first who they are. Though most definitions are welfare neutral, in popular discourse elites take on a negative connotation. This conceptual confusion has...
Blog
Peter Burnell The UN Doha Follow-up International Conference on Financing for Development, held late in 2008, reminds us of how far foreign aid has come but also how far there is to go since the Monterrey International Conference on Financing for Development in 2002. It is worth reminding ourselves...
Blog
– New Opportunities for Doha
Tony Addison and George Mavrotas This has been a roller-coaster year for global capitalism. Financial markets – flush with liquidity just last year – now resemble a parched desert. What looked like an initially containable banking crisis spread across the global financial system, taking with it some...
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– Growth, Trade, Investment and Institutional Developments
There has been considerable media coverage of China’s trade and financial activities, on India’s emergence as a technology and innovation hub, and on the commerce and investment interactions between China, India, Brazil, and South Africa and other developing nations. For example, China has been...
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– The Road Ahead
For much of the last 30 years the global economy has had a limited impact on poverty alleviation. But there are now grounds for optimism. Presently, global liquidity is ample, pushing investors into parts of the world they previously avoided, and private investment is rising. A new and more positive...
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– Can Shared Growth be Sustained?
Asia is widely regarded as the region which has benefited most from the dynamic growth effect of the recent wave of globalization: poverty has been steadily declining over the last three decades in most Asian countries. The 'shared growth' model achieved through increased trade and foreign direct...
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This issue analyses the impact of globalization on Africa and present an overview of the six Africa case studies.
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– Types, Causes, and Development Impact
Entrepreneurs, technical experts, professionals, international students, writers, and artists are among the most highly mobile people in the global economy today. These talented elite often originate from developing countries and migrate to industrial economies. Many return home with new ideas...
Blog
by Ronald Findlay and Kevin H. O’Rourke We are all familiar with the idea that today we live in an age of ‘globalization’, in which all the countries of the world are linked tightly together by trade in goods and services, migration and capital movements. When, however, did this age of globalization...
Blog
by Andrés Solimano Talented individuals such as students, professionals, information technology experts, entrepreneurs, cultural workers, and others are now more internationally mobile in the world economy as a response to new opportunities (and risks) that are offered by globalization. This trend...
Policy Brief
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While the economic opportunities offered by globalization can be large, a question is often raised as to whether the actual distribution of gains is fair, in particular, whether the poor benefit less than proportionately from globalization and could under some circumstances be hurt by it. This...
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– Core Themes in Global Economics
Leading scholars and policymakers reflect on current thinking in development economics and on what may happen during the next two decades. Covering the major themes in development in an accessible way, this original and authoritative contribution highlights new and emerging issues, and shows how...
Blog
by Machiko Nissanke and Erik Thorbecke African countries have benefited relatively less from the positive effects of globalization than other parts of the world in terms of economic growth and development. Following largely an inward-oriented development strategy in the early decades of the post...
Blog
by Zhang Jun If there were one sentence that can be used to describe China’s growth, it must be: ‘China’s growth hinges on the rest of the world’. The remarkable growth of China in recent decades has substantially changed the picture of the global production chain, and is now challenging the global...
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– Transmission Mechanisms
Globalization and poverty epitomize two of the most pressing issues in international development today. While the process of globalization possesses an enormous potential capacity to accelerate economic growth and development, the depth of poverty found in many parts of the developing world is still...
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This book presents significant new research on the informal labour markets of developing countries. Examining the critical role of informal labour markets in allowing countries to adjust successfully to the forces of globalization, this volume also brings to the fore a number of problems associated...
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This volume brings together some of the most influential scholars in development economics to explore how to improve the well-being of the poor, how to design effective structures and institutions for poverty reduction and what the role of economic, political and social dimensions are (and should be...
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This volume brings together some of the most influential scholars in development economics to explore how to improve the well-being of the poor, how to design effective structures and institutions for poverty reduction and what the role of economic, political and social dimensions are (and should be...
Policy Brief
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The UNU-WIDER project on 'Spatial Disparities in Human Development' has collected and analyzed evidence on the extent of spatial inequalities within developing countries. The studies find that spatial inequalities are high, with disparities between rural and urban areas, and also between...
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– Prospects for Pro-Poor Economic Development
The relationship between growth, inequality, and poverty lies at the heart of development economics. This volume draws together many of the most important recent contributions to the controversies surrounding this topic. Some of the chapters help explain why there is profound disagreement on crucial...
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