For its long, winding roads and unknown challenges, fostering sustainable and inclusive development requires new public intervention models. Critically assessing existing innovative policy experiments, their outcomes and determinants, is important not only to strengthen the knowledge base but also to inspire sound development-oriented policies, including green industrial policies. A tide of change in analytical and […]
By Keyi Tang There are over 5,000 Special Economic Zones (SEZs) in the world. About 75 percent of developing economies and almost all transition economies use these geographically bound areas in which governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support in their early stages of industrialization. Why have SEZs traveled so […]
There were over 5,000 Special Economic Zones (SEZs) in the world, according to the United Nations Conference on Trade and Development (UNCTAD) in 2019. About 75 percent of developing economies and almost all transition economies use SEZs in their early stages of industrialization. While countries identify SEZs in different ways, they are defined as geographically […]
By Bridgette Lang The Spring 2022 Global China Research Colloquium invited leading scholars to virtually present their latest research on topics spanning China’s application of industrial policy, debt-for-nature swaps with Ecuador, simulating the impacts of China’s clean energy transition abroad and mapping the marine risks of Chinese overseas development finance. Zhu Xian started the year […]
By Yangsiyu Lu Industrial policy has been applied as a tool of state intervention in governing economic development in many East Asian countries after World War II. However, the basic argument that it is difficult for the government to “pick winners” makes adopting industrial policy a very disputable issue among policymakers and academics. Despite its […]
By Yan Wang After over 70 years of development since World War II, most emerging markets and developing countries still lag behind advanced industrial countries with large income gaps. In the 1950s-1970s, China was poorer than most African countries, but after 40 years of rapid growth, the per capita income of Chinese people is twice […]
By Rachel Thrasher The growth of Bangladesh’s pharmaceutical sector into an economic powerhouse has helped the country meet the necessary criteria for graduation from Least Developed Country (LDC) status. But upon graduation, the country will need to begin bringing its policy landscape into compliance with the trade and intellectual property rules at the World Trade […]
By Rachel Thrasher There is an unresolved tension between the network of rules that make up the global trading system, and the needs of the system’s individual countries. Indeed, troubling trends in treaty-making and international jurisprudence suggest global rules increasingly present obstacles to national governments pursuing development and economic expansion aims. Consisting of one multilateral […]
By Maureen Heydt In the midst of the COVID-19 shock, further trade liberalization has been presented as a pathway to economic recovery, exemplified by the proposed EU-MERCOSUR free trade agreement (FTA). A June 2021 working paper published by the Boston University Global Development Policy Center assessed the prospects of the FTA, finding the agreement may compound economic stagnation and […]
The EU-MERCOSUR free trade agreement (FTA) has yet to take effect, but would represent the largest trade deal for both blocs in terms of number of citizens involved. While previous studies have made projections for the FTA’s impacts, none of the past projections have taken adverse trends in employment, wage inequality and productivity growth among […]