International Conference on Economic Liberalization and its Implications for Development Policy with Special Reference to India and Mexico Organised by IDEAs at Mexico City, 24 - 25 October 2005

International Conference on “Economic Liberalization and its Implications for Development Policy with Special Reference to India and Mexico”, Mexico City, October 24 – 25, 2005. This was co-sponsored with the National Autonomous University of Mexico (UNAM) and the Latin American Faculty of Social Sciences (FLACSO). This had around 50 participants from Latin America and Asia. In addition, there was very substantial participation from the student community of UNAM and FLACSO, so that the audience numbered more than 100 people on both days. Some of the most eminent economists in Mexico, as well as policy makers from government ministries and economists from the UN-ECLAC, as well as some economists from other parts of the developing world such as India, presented papers.

National Autonomous University of Mexico (UNAM)
(Faculty of Economics and Research Project PAPIIT IN302703)
International Development Economic Associates (IDEAS)
Latin American Faculty of Social Sciences (FLACSO)


Monday, 24 October 2005
Location: Unidad de Seminarios Dr. Ignacio Chávez
Vivero Alto, Ciudad Universitaria

9.30 am
Inauguration by Dr. Roberto Escalante-Semerena, Dean of the Faculty of
Economics, UNAM

10.00 to 12.00

Workshop 1 Financial liberalization and development policy constraints in India and Mexico

C. P. Chandrasekhar and Jayati Ghosh
Macroeconomic trends after financial liberalization in India

Guadalupe Mántey and Noemí Levy
Impact of financial liberalization on macroeconomic performance, and implications for developing policy in Mexico

José-Luis Calva
Policy recommendations for sustainable growth with income equality

Edna Armendáriz
Capital account openness and its effects on economic activity

Workshop 2 Exchange-rate policies and their effects on income distribution

Julio López-Gallardo
Modernization, heterogeneity and employment in Mexico

Isaac Minian
Knowledge and segmentation in the production process, and their importance for development policy: Evidences from North America and South East Asia

Elena Cardero
The global financial market as a constraint to development policy implementation: notes on the Mexican experience.

12.00 to 12.30 Coffee break

12.30 to 14.30

Workshop 3 Weak currencies and foreign banking penetration

Juan Castaignts
Dual monetary regimes in developing countries and scope for monetary integration in Latin America

Carlos Rozo
Foreign capital take over Mexican banks

Celso Garrido
The Mexican banking sector after the 1995 crisis

Clemente Ruiz-Durán
Global financial systems’ coverage and the bank-excluded: reflections for development policy

Workshop 4 Monetary control through inflation targeting and its effects on economic activity

Luis-Miguel Galindo
Asymmetric effects of monetary policy on output and prices: the Mexican case

Etelberto Ortiz-Cruz
Inflation targeting: the inconsistent rule of the tyrannical auctioneer

Tuesday 25 October 2005
Location: FLACSO
Carretera al Ajusco 377
Col. Héroes de Padierna
Delegación Tlalpan


10.00 to 12.00
Workshop 1 Trade liberalization effects on growth

Jayati Ghosh and C. P. Chandrasekhar
Trade liberalization in India and China: similar or convergent strategies?

Alicia Puyana-Mutis
Trade liberalization in Mexico: some macroeconomic effects

Jorge Mattar
The complementary agenda for trade liberalization

Workshop 2 Trade liberalization and structural change

Juan-Carlos Moreno-Brid
NAFTA effects on manufacturing industry

José Romero
NAFTA and Mexico’s agricultural sector development

Jorge-Mario Martínez
Industrial specialization induced by North-South trade agreements

12.00 to 12.30 Coffee break

12.30 to 14.30

Workshop 3 Trade agreements and their effects on employment and labor income

Pablo Ruiz-Nápoles
NAFTA and employment in Mexico

María-Elena Cardero
From import-substitution to the import-export model

Ivico Ahumada
Globalizations’ impact on labor policies

Workshop 4 Social Aspects of trade liberalization

René Hernández
Trade liberalization effects on economic development and poverty in El Salvador and Costa Rica

Blanca Torres
Environmental effects of NAFTA, and US see-sawing politics

14.30 Close of conference