The Impact of the Global Economic Crisis on Industrialization of Least Developed Countries Mehdi Shafaeddin

The financial crisis and the resulting global economic crisis is a wake-up call for LDCs and other developing countries to reconsider the “market-oriented” approach to industrial and development strategies. Debunking the “one-size-fits-all” strategy, the author recommends some common as well as specific policy proposals for industrial development of various LDCs. Further, in order to avoid the risk of human tragedy, particularly in Sub-Saharan countries, he argues for changes in the WTO rules, reconsideration of policies of IFIs towards LDCs, and resistance to the proposed Economic Partnership Agreements (EPAs). impact (Download the full text in PDF format)

Policies for Industrial Learning in China and Mexico:Neo-developmental vs. Neo-liberal approaches K. P. Gallagher and M. Shafaeddin

Previous work by the authors have shown that the results of both China and Mexico’s export-led market reforms over the past quarter century have been strikingly different. In contrast to China, Mexico has not managed to increase the value added of its exports of manufactured goods and has subsequently had a difficult time competing with China in world markets. Building on this previous work, in this paper the authors have conducted a comparative analysis of the role of government policies in industrial learning and the development of capabilities of indigenous firms in Mexico and China in order to shed light…