Most regional and bilateral free trade agreements (FTAs) and bilateral investment treaties (BITs) enacted in the past two decades have encouraged capital account liberalization. In recent years, however, there has been a major re-thinking on the issue, including a new Institutional View issued by the International Monetary Fund (IMF) in 2012 that endorsed the regulation […]
China’s policy banks, the China Development Bank (CDB) and Export-Import Bank of China (CHEXIM), are new leaders in the world of sovereign finance. Within a decade, they have surpassed annual lending by the World Bank and many other counterparts. According to the Financial Times, the policy banks provided $10 billion more in financing to developing […]
Collecting and synthesizing a series of essays on the political economy of trade and development policy, this book by Kevin P. Gallagher explores the following research questions: to what extent is the global trading regime reducing the ability of nation-states to pursue policies for financial stability and economic growth; and what political factors explain such […]
The rise of China has created an unprecedented demand for Latin American and Caribbean (LAC) exports, which has helped boost the region’s growth for almost a decade. Ultimately, though, such export growth may not be sustainable. Perhaps even worse, Chinese manufactured goods are more competitive than those from Latin America in both home and world […]
After almost 25 years of experimenting with the neo-liberal economic reforms collectively known as “Washington Consensus” policies, Latin Americans are starting to re-assess the merits of these policies at the voting booth. Many newly elected governments are beginning to scrutinize the role of foreign direct investment (FDI) in particular, and some nations have gone so […]
In this comprehensive reference work, Kevin P. Gallagher has compiled a fresh and broad-ranging collection of expert voices commenting on the interdisciplinary field of trade and the environment. For over two decades policymakers and scholars have been struggling to understand the relationship between international trade in a globalizing world and its effects on the natural […]
Prior to the current economic and financial crisis, there have been contradicting views on the impact of China’s trade in Latin America and the Caribbean (LAC). Some have argued China’s rise has been a blessing for Latin America, as Chinese demand boosted exports and in part caused a hike in commodities prices worldwide, while others […]