The curious case of Brazil’s closedness to trade - VoxEU While Brazil has become one of the largest economies in the world, it remains among the most closed economies as…
International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained on the fringes of this production revolution, maintaining a very high density of local supply chains. This article calls attention to the rising opportunity costs incurred by such option taken by the country.
International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained on the fringes of…
Despite tremendous progress in poverty reduction over the last two decades, poverty still persists. Along with South Asia, Africa is a region where large numbers of people continue to live…
The metamorphosis of the dragon may involve painful growing pains, including the risks of a hard landing that many analysts attribute to the current transition. The forthcoming two decades are setting the next stage of a half-century that could be marked by dramatic economic transformation, creating both challenges and opportunities for China and the rest of the world.
Thomas Friedman’s bestseller The World Is Flat highlights the strong forces pushing the world towards a single economic platform. The technology-fueled globalization in the provision of services, and the widespread organization…
Last May, in China, WTO Director-General Pascal Lamy remarked: “The global economy is being transformed at an unprecedented speed and at the heart of that transformation is the services economy.…
Last week, world leaders gathered in Cannes, France to discuss the future of the global economy. Key on the agenda were issues surrounding the European sovereign debt crisis, new…
Europe and Asia provide two different models of integration and growth. The former relied on political willpower to create a unified common market; the latter based its integration on…
The Asian style of regional integration may be seen as a “quasi-common economy” that eschews a formal linkup in political or monetary terms, but manages to generate similar results…
The global economic crisis uncovered many of the vulnerabilities of an increasingly integrated world. So much so, that even though we are now well on the path to recovery,…
November marks the eighth anniversary of the Doha Development Agenda– the first multilateral trade negotiation under the auspices of the World Trade Organization. But what started as a real…