Despite economic growth and the reduction of both poverty and inequality that Latin America and the Caribbean (LAC) has experienced during the last decade, it still remains the most unequal region in the world.
The new trade theory, which emerged in the early 1980s, emphasised economies of scale and market failures as driving forces behind international trade. As opposed to the earlier theory, which mainly assumed perfect competition, the new trade theory provided a rationale for industrial policy. This article shows how industrial policy targeting specific firms or industries may be socially desirable within the new trade theory framework. Models from new economic geography and the more recent 'new' new trade theory with heterogeneous firms are also discussed. The main focus is put on models with pecuniary externalities.
Topic:
Economics, International Cooperation, International Trade and Finance, Political Economy, and Politics
This World Leaders Forum program, titled "Rio de Janeiro: from Ostracism to Protagonism" features an address by Sergio Cabral Filho, former Governor of Rio de Janeiro, Brazil. Introduction and Moderated by Lee C. Bollinger, President, Columbia University in the City of New York.
Topic:
Development, Emerging Markets, Political Economy, and Foreign Direct Investment
The student-led, pro-democracy 'Umbrella Revolution' currently underway in Hong Kong is the most significant uprising within the sphere of the People's Republic of China since the Tiananmen Square demonstrations in 1989 Angered by Beijing's restrictions to candidate choices for the upcoming 2017 election, Hong Kong's citizens are massing by the thousands to protest As the pro-democracy protests grow, the government's reaction threatens to becomes more aggressive, possibly bringing the situation to a tipping point reminiscent of Tiananmen Square The Chinese government believes it can't afford to back down-with a wariness influenced by events in Ukraine and the 'Arab Spring'-but it also can't afford another massacre; the world is watching and plays a much larger role in the Chinese economy than it did in 1989.
Topic:
Conflict Prevention, Democratization, Human Rights, and Political Economy
Weatherhead Center for International Affairs, Harvard University
Abstract:
What are the rationales for policymakers to rely on putatively disinterested actors such as credit rating agencies (CRAs) for financial regulatory input? This paper draws on perspectives from International Political Economy and Comparative Legal Studies to analyze the reasons behind the use and retention of external ratings as an indirect instrument of financial regulation. We find that allowing `market practice' to determine the relationship between ratings and regulation creates tautological justifications of the CRAs' authority, and raises compelling questions in terms of legitimacy.
Topic:
International Trade and Finance, Political Economy, Governance, and Law
The Occupied Palestinian Territory and Israel (OPTI) is one of four Oxfam country programmes delivering the Within and Without the State (WWS) programme, funded by DFID from 2011 to 20 16 under the Conflict, Humanitarian and Security Programme Partnership Arrangement (CHASE PPA). WWS is piloting innovative approaches to working with civil society to promote more accountable governance in conflict-affected and fragile contexts.
Topic:
Conflict Resolution, Civil Society, Political Economy, Governance, and Reform
This World Leaders Forum program features an address by Her Excellency Erna Solberg, Prime Minister of the Kingdom of Norway titled, To End Poverty, We Need Peace, followed by a question and answer session with the audience.
Topic:
Peace Studies, Political Economy, Poverty, and Peacekeeping
PRESIDENT XI JINPING ANNOUNCED a sweeping overhaul for China's economy in November 2013, with pledges to make market forces decisive, treat homegrown and foreign investors with the same laws and regulations, and change the mission statement of the government. The reform program, known as the Decisions plan and presented at the Communist Party leadership's Third Plenum meeting, is comprehensive and marks a turning point in China's modern history. The degree of boldness also indicates that after 35 years of world-beating economic performance, China's development model is obsolete and in need of urgent, not gradual, replacement. To justify the risks, President Xi quoted an impassioned plea for policy modernization by his predecessor Deng Xiaoping: the only way to avoid a dead end – a blind alley – is to deepen reform and opening both at home and with the world.
Topic:
Economics, International Trade and Finance, Political Economy, and Reform
Over the past decade, a growing segment of social entrepreneurs and small and growing businesses(SGBs) has emerged that seeks to utilize the power of invention to create products and companies that improve the lives of people living in poverty around the world. We call this class of entrepreneur-looking to develop and disseminate tangible products that will be manufactured and sold at high volumes via market mechanisms-an invention-based entrepreneur.1 ANDE believes that invention-based entrepreneurs are supported or impeded by a number of environmental factors, or the entrepreneurial ecosystem in which they work. While ANDE and our members have made significant progress toward strengthening these entrepreneurial ecosystems in emerging markets, invention-based entrepreneurs have a unique set of needs that differentiates them from typical SGBs. Consequently, we believe we can improve the ecosystem to support the growth of this industry, and thereby unleash the full potential impact of these invention-based entrepreneurs.
Topic:
Emerging Markets, International Trade and Finance, Political Economy, and Reform
During the past 10 years of impact investing in Brazil, we have observed a significant development in the impact investing space. Five years ago, only a few players identified themselves as impact investors, very few organizations in the social sector were investor-ready, and there were almost no co-investment opportunities. A steep increase in the number of investors and amount of capital, greater coordination among players, and a more professional workforce active in the industry today have facilitated the development of impact investing. This market study of the impact investing sector in Brazil reveals significant market growth. Nineteen of Brazil's largest impact investors, including fund managers, banks, foundations, family offices and others surveyed expect to commit 40% to 50% more capital to impact investments in 2014 compared to 2013.
Topic:
International Trade and Finance, Political Economy, and Infrastructure