Putting Development First: The Importance of Policy Space in the WTO and IFIs

By Kevin Gallagher
(September 2005)

This book examines how far the economic forces and rules that govern the global economy are shrinking the “policy space” available to developing countries in constructing policies to raise living standards. The contributors analyze what room for movement developing countries still have, despite global macro-economic realities, IMF/World Bank policies, and the trade rules regime of the World Trade Organization. They suggest the policies that could be put in place to strengthen developing countries.

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