Download or read book Trade Reform and External Adjustment written by Alan Roe and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This document is one of a series reporting on policy seminars organized by the Economic Development Institute of the World Bank" -- foreword.

Download or read book Asymmetric Trade Reforms and External Adjustment written by Qing Liu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper quantifies the effects of China's trade reforms on the current account in its post-WTO period since 2001. We first present cross-country evidence to show that the adjustment of the current account to WTO access in China differs from those in other countries, exhibiting a hump-shaped pattern. We then document some institutional facts and firm-level evidence and argue that asymmetric trade reforms between exporting and importing sectors in China may help to explain the pattern. Motivated by these facts, we develop a two-country dynamic Melitz model and applied it to the Chinese economy. Our quantification exercise shows that the trade reform not only accounts for 47.6 percent of the accumulated trade surplus in 2001-2010 but also contributes to the hump-shaped dynamics of the trade balance and the real exchange rate. Finally, we apply this model to estimate the welfare loss of the U.S.-China trade war.

Download or read book Trade Reform and External Adjustment in European Countries written by J. Roy and published by . This book was released on 1988 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S foreign trade the internal and external adjustment mechanisms September 29 30 and October 1 1970 written by United States. Congress. Joint Economic Committee. Subcommittee on Foreign Policy and published by . This book was released on 1970 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Reform and Inflation Stabilization written by Mr.Vivek B. Arora and published by International Monetary Fund. This book was released on 1994-11-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines two important issues for a small high-inflation open economy with trade controls where the government implements an exchange-rate based stabilization program: first, the extent to which the degree of openness of the economy influences the probability of success of the program; and second, the conditions under which a trade reform, implemented in conjunction with the stabilization program, will increase the probability that stabilization will be successful. The paper shows that in an economy with high export and import price elasticities, structural reforms to increase openness can be important in determining the success of the program.

Download or read book External Adjustment in Oil Exporters written by Mr.Alberto Behar and published by International Monetary Fund. This book was released on 2016-09-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for this purpose and give fiscal policy a sizeable role. These conclusions are supported by regression analysis of the determinants of the current account balance and of the trade balance. The results show little or no relationship with the exchange rate and, especially for the less diversified oil exporters (including the Gulf Cooperation Council), a strong relationship with the fiscal balance or government spending.

Download or read book Developing Country Experience in Trade Reform written by and published by World Bank Publications. This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Best Practices in Trade Policy Reform written by Vinod Thomas and published by World Bank Publications. This book was released on 1991 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was recognized by many developing countries in the 1980s that integration with the global economy is necessary for economic development and technological progress. Efforts to liberalize trade were controversial. A unique body of evidence on developing country trade liberalization will examine why outcomes have varied from one country to another. The political economy of trade liberalization and the interaction among trade and domestic reform, macro-economic stability, and export development is examined using: (a) cross-sectional data, (b) country studies, (c) and interviews. The sequencing of reforms and implications for multilateral trade negotiations, foreign direct investment, and regional integration schemes is an additional consideration. The emphasis is on practical problems-economic and political-and recommendations of how policies can be designed and implemented to yield stronger and more sustainable results.

Download or read book Structural Reforms and External Rebalancing written by Mr.Alexander Culiuc and published by International Monetary Fund. This book was released on 2017-08-07 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical research on structural reforms has focused primarily on their impact on growth and productivity. Yet an often-invoked rationale for structural reforms is their impact on external adjustment. This paper finds little evidence that structural reforms improve the current account in the short run, but they can increase the responsiveness and resilience of the economy to external shocks. In particular, elasticities of exports with respect to the real effective exchange rate increase with some structural indicators, suggesting that structural reforms facilitate the reallocation of resources to the tradable sector in response to a negative external shock. The paper concludes that structural reforms, while not having an immediate positive impact on the current account balance, can be an important complement to traditional macroeconomic adjustment.

Download or read book Industrial and Trade Policy Reform in Developing Countries written by Ramesh Adhikari and published by Manchester University Press. This book was released on 1992 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Trade Reforms and Development Strategy written by Jean-Marc Fontaine and published by Routledge. This book was released on 2005-07-27 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: An effective rebuttal to the orthodox view that developing countries should liberalise their trade policies. The contributors consider both the theoretical framework and the empirical evidence.

Download or read book Comparative Advantage Trade Policy and Economic Development written by Bela Balassa and published by . This book was released on 1989 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Lessons in Trade Policy Reform written by Vinod Thomas and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade reform programs have two main objectives. The first is to help raise economic growth and employment generation by improving resource allocation and economywide efficiency. The second is to help improve the balance of payments by strengthening the competitiveness of the external sector and expanding exports and efficient import substitutes. This paper evaluates developing country experience with trade policy reforms and makes recommendations for improving the design and implementaion of those reforms. It assesses the extent and effectiveness of the reforms under adjustment programs in the 1980s, highlighting practical problems and constraints, both economic and politcal. Broadly speaking, it considers three issues: (1) the potential conflicts between trade policy reforms and macroeconomic stabilization efforts; (2) the supply response to trade policy reforms, in the context of export prospects and domestic and external constraints; and (3) the sequencing, timing and duration of import reforms, their relation to internal reforms, and the associated transitional costs. The paper finds that trade policy reform, when implemented well, has contributed to improved economic performance in developing countries. The paper also finds that well-designed trade policy reforms do not conflict with other priorites except in special cases; usually they enhance growth.

Download or read book Fragile Coalitions written by Joan M. Nelson and published by Transaction Publishers. This book was released on 1989-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic reform by Third World governments is usually portrayed as the product of outside pressure, especially from the International Monetary Fund (IMF) and World Bank. This welcome collection provides an important counter-perspective by putting domestic politics at center stage. Miles Kahler demonstrates that international institutions only rarely play an important role."--Orbis' "Joan Nelson and her collaborators have performed a valuable service for those concerned about the politics of reform by bringing together a series of informed and insightful essays that address clearly and concisely the difficult political dilemmas of economic adjustment."--Merilee S. Grindle,Economic Development and Cultural Change

Download or read book The International Adjustment Process written by D.E. Fair and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers collected in this volume are those presented at the fourteenth Colloquium arranged by the Societe Universitaire Europeenne de Recher ches Financieres (SUERF), which took place in Helsinki in May 1988. The Society is supported by a large number of central banks and commercial banks, by other financial and business institutions and by personal subscriptions from academics and others interested in monetary and financial problems. Since its establishment in 1963 it has developed as a forum for the exchange of information, research results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloquia for which volumes of the collected papers were published are noted, on the last page of this volume. Volumes were not produced for Colloquia held at Tarragona, Spain in October 1970 under the title "Monetary Policy and New Developments in Banking" and at Strasbourg, France in January 1972 under the title "Aspects of European Monetary Union".

Download or read book Trade Policy Reforms Under Adjustment Programs written by World Bank. Operations Evaluation Department and published by World Bank Publications. This book was released on 1992 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review of the Bank's experience in support of trade policy reform in a selected group of countries is the first study by the World Bank's Operations Evaluation Department to concentrate exclusively on the Bank's operations and related issues in adjustment lending for trade policy reform. The impetus for the study was twofold: the increasing importance trade policy had acquired in the Bank's structural and sectoral adjustment lending over the years, and the view that the Bank had enough experience in this policy area to provide useful lessons for future lending. While the benefits of trade policy adjustment are gaining wider recognition, several concerns persist regarding the policy design and impact of those programs in the adjusting countries. The study addresses these issues in the context of individual country experience with trade reforms in the 1980s. Detailed case studies were prepared for these countries taking into account the initial conditions prevailing in the country, the design and implementation of the programs, their impact, and their sustainability. The study assesses whether trade policy reforms were complemented by other measures, including macroeconomic, industrial, and financial policies, and whether the Bank considered these links in designing trade policy programs. The main goal is to draw lessons from the cross-section of past experience for suggesting improvements in the Bank's approach to productivity-enhancing adjustment programs.

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.