Trade, Investment and Development: Reaping the Full Benefits of Open Markets [electronic resource] / Organisation for Economic Co-operation and Development

Format:

Book

Government document

Author/Creator:

Organisation for Economic Co-operation and Development.

Contributor:

Organisation for Economic Co-operation and Development.

West, John.

Language:

English

Subjects (All):

Development.

Trade.

Finance and Investment.

Developing countries--Commercial policy.

Developing countries.

Developing countries--Foreign economic relations.

Local Subjects:

Development.

Trade.

Finance and Investment.

Physical Description:

1 online resource (52 p.)

Place of Publication:

Paris : OECD Publishing, 1999.

Language Note:

English

Summary:

Developing and transition economies are seeking to accelerate their development by liberalising trade and investment, and taking advantage of the opportunities of the global market place. However, in the wake of recent financial crises, concerns have been expressed that some countries might turn away from open trade and investment. In fact, most crisis-affected countries are continuing to liberalise trade and investment, which they see as part of the solution to the crisis, not the cause. This report reviews evidence of the benefits and challenges of trade and investment for development, drawing on experiences from economies in various parts of the world. Experience shows that open trade and investment have been beneficial for development, when accompanied by a coherent set of growth-oriented macroeconomic and structural policies, capacity-building, social policy and good governance. Further, countries like Korea and Mexico that have responded to economic crisis with liberalisation and structural reform have experienced positive results. All countries -- developed, developing and transition -- have a vital stake in a new Round of multilateral trade negotiations to prepare for the global economy of 21st century.

Contents:

Preface

Executive Summary

I. Introduction

II. Trends in Liberalisation

-i. OECD Countries

ii. Non-OECD Countries

iii. The Last Two Years

iv. Towards a New Round

IV. Some Country Experiences

-i. Korea

ii. Mexico

iii. Transition Economies

iv. ASEAN4

v. Chile

vi. Can the Least Developed Countries Benefit from Open Trade and Investment?

V. What Other Policy Challenges Must Be Tackled for Benefitting from Open Trade and Investment?

-i. Macroeconomic Stability

ii. Governance

iii. Financial and Corporate Sector Strengthening

iv. Human Resource Development

v. Managing Adjustment

VI. Trade, Investment, and Devleopemnt and the Environment

VII. The Role of International Cooperation

Bibliography and Selected References

Notes:

Bibliographic Level Mode of Issuance: Monograph

ISBN:

1-280-03061-5

9786610030613

92-64-17330-7

OCLC:

1024286871