Trade and finance have always been at the centre of development debates, often coming from divergent points of view. Within the development schools of thought, some debate the role of the global system versus national policies in determining development success; others defend the virtues of markets in development and there are those who consider that development needs some forms of state intervention. A historical analysis follows a sequence of various defining moments: “industrialization consensus” of the early post-war years; the rise of newly-industrialized countries (NICs) as exporters of manufactures; the “Washington consensus”; the challenges associated to the rise of China; and the recent slowdown of international trade. Efforts are underway to redesign the rules for the global economy.
— Suggested Readings
Bhagwati, Jagdish. (2008). Termites in the Trading System: How Preferential Agreements Undermine Free Trade. New York: Oxford University Press.
Gutiérrez Sanín, Francisco, and Gerd Schönwälder. (2010). Economic liberalization and political violence utopia or dystopia? London: Pluto Press. (Résumé en français disponible ici)
Kenny, Charles and David Williams (2001). “What do we know about economic growth? Or, why don't we know very much?”, World Development, 29(1), 1-22.
Krugman, P. R. (1990). Rethinking International Trade. Cambridge: MIT Press.
Loxley, J. (2007). Economic interdependence : global disequilibria and growth. University of Manitoba, Dept. of Economics, Winninpeg, MB, CA.
Ocampo, José A. and Mariángela Parra (2010). “The Terms of Trade for Commodities since the Mid-Nineteenth Century”, Revista de Historia Económica -Journal of Iberian and Latin American Economic History, 28(1): 11–37.
Osinkolu, G. A. (1998). Impact of liberalization policies on local production of spare parts and steel products, 1993. [Ibadan, Nigeria?]: NISER/SSCN National Research Network on Liberalization Policies in Nigeria.
Rixen, T., & Dietsch, P. (2015). Global Tax Governance. What's Wrong with it and How to Fix it. ECPR Press: Colchester, i.E.