Oil and Challenges of Trade Policy Making In Sudan in a Globalizing Arena Mehdi Shafaeddin

This paper examines the potential impact of oil revenues on the economy of Sudan and the challenges facing the Government in policy making; particularly trade policy, allocation of oil revenues for long-run development, and diversification of the production and export structure of the economy. Developing a conceptual framework of analysis, the author argues that while export of petroleum provides financial resources for the acceleration of investment and growth, prospects for sustained growth and diversification will be still limited by some physical and institutional bottlenecks, not easily overcome by just oil revenues. Export of oil may also have other negative effects…

The Monopoly of Global Capital Flows: Who needs structural adjustment now? Terry McKinley

The fact that the U.S. economy is monopolizing global net savings from rich and poor countries alike, results in global imbalances which are neither sustainable nor equitable since capital should be recycled to poorer countries, so that they are allowed to pursue more expansionary, growth-oriented economic policies. The rich countries need a major restructuring their expenditures while the U.S. must contain private consumption, especially real estate spending, in favor of productive private investment, and boost exports relative to imports. global_capital_flows (Download the full text in PDF format)

Japanese Economic Recovery and the Macroeconomic Policy Mix Sukanya Bose

Japanese macroeconomic policy during the prolonged depression of the 1990s has been the reverse of what Keynes had recommended as the anti-deflationary strategy. The paper explores the three main pillars of macroeconomic policy for the Japanese economy in the recent years: financial policy, fiscal policy and monetary policy. japanese_recovery (Download the full text in PDF format)

Foreign Direct Investment and Utilization of Natural Gas in Bangladesh Anu Muhammad

This paper investigates the natural gas sector of Bangladesh and examines whether optimum utilization of natural gas is directly or inversely correlated to the present form of Foreign Direct Investment in that sector. The findings of the study concludes that, FDI in gas sector was not warranted considering the local capability and demand-supply scenario. The article also examines the viability of exporting gas from Bangladesh. fdi_gas (Download the full text in PDF format)

Free Trade between Mercosur and India: New bonds, new boundaries Ranja Sengupta

A framework trade agreement was signed between India and the Mercosur trade block of Latin America on the 17th of June in Asuncion, Paraguay. This sets in motion the process that will ultimately establish a 'Free Trade Area' between the Indian market and Mercosur - the Southern Core Common Market in Latin America. "The signing of the framework agreement will pave the way to enter into Preferential Trade Agreement as the first step and ultimately to negotiate a Free Trade Agreement in long-term interest," the official spokesman for the Indian Ministry of Commerce said in New Delhi, prior to the…

Export Dynamism and Growth in Chile since the 1980’s Ricardo Ffrench-Davis

The high export growth that Chile witnessed started from the seventies, and was supposedly triggered off by the trade liberalising reforms in that period. A more detailed look into the export pattern reveals separate and distinct phases not always of high growth, and which were clearly determined by the macroeconomic policies and the specific nature of the reform programmes that were in existence in each of these phases over the last three decades. export_dynamism_chile (Download the full text in PDF format)

Foreign Investment in Mexico after Economic Reform Jorge Máttar, Juan Carlos Moreno-Brid and Wilson Peres

The paper investigates why investments in post-reform Mexico have not recovered sufficiently from their 1981 collapse, to be able to ensure high levels of sustainable and steady economic growth over the nineties. This happened despite the fact that total gross fixed investment, GDP, and foreign direct investment grew vigorously in 1996–2000, but this impetus was cut short in 2001, thus revealing the inherent weakness of the system to sustain growth. foreign_investment (Download the full text in PDF format)