Latin American Development and the post Washington Consensus
... markets are consistent with social justice – But even if one did not care about equity, distribution of income, there is an important role for government because of market failures ...
... markets are consistent with social justice – But even if one did not care about equity, distribution of income, there is an important role for government because of market failures ...
The Economics of Transition: Central and Eastern Europe
... – undermines interest rate as instrument of monetary policy ...
... – undermines interest rate as instrument of monetary policy ...
Professor Wing Thye Woo - Singapore Economic Review Conferences
... Sources: Authors' regressions using data from Transparency International (2004); Miles Feulner, and O'Grady (2004); Kaufmann, Kraay, and ZoidoLobaton (2002); PRS Group (2004); World Bank (2003). a. The sample consists of ninety-two countries worldwide, excluding high-income countries and former repu ...
... Sources: Authors' regressions using data from Transparency International (2004); Miles Feulner, and O'Grady (2004); Kaufmann, Kraay, and ZoidoLobaton (2002); PRS Group (2004); World Bank (2003). a. The sample consists of ninety-two countries worldwide, excluding high-income countries and former repu ...
View/Open
... 2) This suggested switching expenditure, in a progrowth and propoor way, from things like nonmerit subsidies to basic health care, education, and infrastructure. 3) The aim is a tax system that would combine a broad tax base with moderate marginal tax rates. This would increase fiscal, and then tota ...
... 2) This suggested switching expenditure, in a progrowth and propoor way, from things like nonmerit subsidies to basic health care, education, and infrastructure. 3) The aim is a tax system that would combine a broad tax base with moderate marginal tax rates. This would increase fiscal, and then tota ...
HLEF 13 October Panel 5 Support, trade, aid and investment policies
... which seem essential for the long-term orientation of policies, and which are particularly relevant in the fields of support, markets and trade. This approach will cover the issues mentioned in the IP (explicitly quoted), but sometimes in a different order. ...
... which seem essential for the long-term orientation of policies, and which are particularly relevant in the fields of support, markets and trade. This approach will cover the issues mentioned in the IP (explicitly quoted), but sometimes in a different order. ...
The Challenge of African Development: A View from
... several countries in Latin America in the last 10 years or so have put in place stabilisation funds with built-in savings mechanisms to avoid the traditional boom-and-bust cycles associated with terms of trade bonanzas. Now part of the extra income gains associated with positive terms of trade shock ...
... several countries in Latin America in the last 10 years or so have put in place stabilisation funds with built-in savings mechanisms to avoid the traditional boom-and-bust cycles associated with terms of trade bonanzas. Now part of the extra income gains associated with positive terms of trade shock ...
IMF International Monetary Fund
... The IMF praised the government for tackling its huge debt burden and improving investor confidence. It has also laid out plans to reduce the country's debt as a percentage of GDP from its current level of 145% to 100% by 2009. economic growth of up to 4% a year was possible, it said, given a recover ...
... The IMF praised the government for tackling its huge debt burden and improving investor confidence. It has also laid out plans to reduce the country's debt as a percentage of GDP from its current level of 145% to 100% by 2009. economic growth of up to 4% a year was possible, it said, given a recover ...
IMF International Monetary Fund
... The IMF praised the government for tackling its huge debt burden and improving investor confidence. It has also laid out plans to reduce the country's debt as a percentage of GDP from its current level of 145% to 100% by 2009. economic growth of up to 4% a year was possible, it said, given a recover ...
... The IMF praised the government for tackling its huge debt burden and improving investor confidence. It has also laid out plans to reduce the country's debt as a percentage of GDP from its current level of 145% to 100% by 2009. economic growth of up to 4% a year was possible, it said, given a recover ...
Why did the Conservative Party dominate British politics
... Create full employment. • This approach was central to a managed mixed economy which was supported by the establishment of The Economic Planning Council in 1947 which oversaw production and imports. • This was underpinned by Keynesian economic theory – in hard times governments should borrow and s ...
... Create full employment. • This approach was central to a managed mixed economy which was supported by the establishment of The Economic Planning Council in 1947 which oversaw production and imports. • This was underpinned by Keynesian economic theory – in hard times governments should borrow and s ...
Sections 6-10
... • Failed to understand the endogeneity of industrial structure to the endowment structure, socialist economies as well developing countries attempted to build up large-scale, modern industries which were too far advanced compared to their countries’ level of development. • The firms were non-viable ...
... • Failed to understand the endogeneity of industrial structure to the endowment structure, socialist economies as well developing countries attempted to build up large-scale, modern industries which were too far advanced compared to their countries’ level of development. • The firms were non-viable ...
Slide 1
... distribution of assets in LA region: 1. The limited saving capacity of low income groups (although their savings capacity is not zero). 2. The property rights often do not reach to the poor. Lack of titling of property (“dead capital”). 3. Capital markets are segmented, low access by the poor to pro ...
... distribution of assets in LA region: 1. The limited saving capacity of low income groups (although their savings capacity is not zero). 2. The property rights often do not reach to the poor. Lack of titling of property (“dead capital”). 3. Capital markets are segmented, low access by the poor to pro ...
Political Economy Lecture 6 Neoliberal policies (1980s-?)
... Hegemony implies that an ideology becomes dominant by consent not by force Globalization is the friendly name Globalization is about the liberalization and global integration of markets. Globalization is inevitable and irresistible. Nobody is in charge of globalization. Globalization benef ...
... Hegemony implies that an ideology becomes dominant by consent not by force Globalization is the friendly name Globalization is about the liberalization and global integration of markets. Globalization is inevitable and irresistible. Nobody is in charge of globalization. Globalization benef ...
Forms of Economic Globalization or Global Economic Integration
... included ten broad sets of recommendations: Fiscal policy discipline; Redirection of public spending from subsidies toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment; Tax reform–broadening the tax base an ...
... included ten broad sets of recommendations: Fiscal policy discipline; Redirection of public spending from subsidies toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment; Tax reform–broadening the tax base an ...
The Post Washington Consensus Consensus
... Historical experience—even before the Washington consensus was widely accepted—also provided little support. While there is an active debate about the particular role that each of the policies that each of the East Asian countries undertook, there is a clear link between the policies and the succes ...
... Historical experience—even before the Washington consensus was widely accepted—also provided little support. While there is an active debate about the particular role that each of the policies that each of the East Asian countries undertook, there is a clear link between the policies and the succes ...
Economic theories and perspectives on development
... ‘The earth provides enough resources for everyone’s need, but not for some people’s greed’ Ghandi ...
... ‘The earth provides enough resources for everyone’s need, but not for some people’s greed’ Ghandi ...
Slide 1
... little or no loyalty More product for less money is now the expected normal Many businesses face consumer trust issue ...
... little or no loyalty More product for less money is now the expected normal Many businesses face consumer trust issue ...
IR.week8b.DevelopmentWhatToDo
... • Policy advice from abroad should fit local circumstances (India, S. Korea, China ignored the Washington Consensus; Mexico & Argentina listened • The best thing we can do to end global poverty is to increase trade and economic access (Perhaps more international labor mobility? Evidence from Mexican ...
... • Policy advice from abroad should fit local circumstances (India, S. Korea, China ignored the Washington Consensus; Mexico & Argentina listened • The best thing we can do to end global poverty is to increase trade and economic access (Perhaps more international labor mobility? Evidence from Mexican ...
Study Guide Exam #4 Below is a suggested list of study topics for
... Study Guide Exam #4 Below is a suggested list of study topics for Exam number 4. This is not intended to be a complete list of everything that will appear on the exam. All material presented in class is fair game. You will be allowed the use of your notebook on the exam. If you have any questions, p ...
... Study Guide Exam #4 Below is a suggested list of study topics for Exam number 4. This is not intended to be a complete list of everything that will appear on the exam. All material presented in class is fair game. You will be allowed the use of your notebook on the exam. If you have any questions, p ...
Keynes vs. Hayek Notes
... • Recessions and depressions can occur from too little aggregate demand for goods and services • Inflation can occur because of too much demand for goods and services • Government can influence economic activity by influencing aggregate demand through fiscal and monetary policies • Fiscal policy (c ...
... • Recessions and depressions can occur from too little aggregate demand for goods and services • Inflation can occur because of too much demand for goods and services • Government can influence economic activity by influencing aggregate demand through fiscal and monetary policies • Fiscal policy (c ...
Beijing Consensus - Western Washington University
... Model" or "Chinese Economic Model"[1]) is a term that refers to the political and especially economic policies of the People's Republic of China[2] that began after the death of Mao Zedong and the rehabilitation of Deng Xiaoping (1976) and are thought to have contributed to China's eightfold growth ...
... Model" or "Chinese Economic Model"[1]) is a term that refers to the political and especially economic policies of the People's Republic of China[2] that began after the death of Mao Zedong and the rehabilitation of Deng Xiaoping (1976) and are thought to have contributed to China's eightfold growth ...
The role of the state and development
... • Market Economy - some preconditions. 1. Econmists like Nathan akeyfitz and Robert Dorfman have listed following institutional and cultural requirements for the operation of effective private markets. 2. Trust (in banks insurance companies, suppliers, etc) 3. Law and order (enforcement of contracts ...
... • Market Economy - some preconditions. 1. Econmists like Nathan akeyfitz and Robert Dorfman have listed following institutional and cultural requirements for the operation of effective private markets. 2. Trust (in banks insurance companies, suppliers, etc) 3. Law and order (enforcement of contracts ...
EPS Session1 2011
... “Threats to the new consensus have come and gone during the past decade. A succession of financial crises in Mexico, East Asia, Russia, Brazil and Argentina cast doubt on one element in the packages – free capital mobility – as well as underlining the vulnerability of open, competitive economies to ...
... “Threats to the new consensus have come and gone during the past decade. A succession of financial crises in Mexico, East Asia, Russia, Brazil and Argentina cast doubt on one element in the packages – free capital mobility – as well as underlining the vulnerability of open, competitive economies to ...
After the Washington Consensus: Latin American Growth
... A hopeful view of the present situation would hold that Latin America has now caught up with the rest of the West in no longer expecting to find simple solutions to complex problems. It is recognized that growth does not come from increasing capital formation without any need to worry about the qua ...
... A hopeful view of the present situation would hold that Latin America has now caught up with the rest of the West in no longer expecting to find simple solutions to complex problems. It is recognized that growth does not come from increasing capital formation without any need to worry about the qua ...
Washington Consensus - Columbia University
... Unlike Latin America, East Asia did not follow Washington Consensus policies in some important respects. They - Were slow to liberalize capital markets - Were slow to liberalize trade - Adopted strong government industrial policies, including creating some successful government enterprises ...
... Unlike Latin America, East Asia did not follow Washington Consensus policies in some important respects. They - Were slow to liberalize capital markets - Were slow to liberalize trade - Adopted strong government industrial policies, including creating some successful government enterprises ...