This tenth edition contains:
Global Economic Prospects 2007: Managing the Next Wave of Globalization
, World Bank publication launched on December 11, 2006
Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons". Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations. More information
Natural Resources: Neither Curse nor Destiny
, edited by Daniel Lederman and William F. Maloney, A co-publication of Stanford University Press and the World Bank, October 2006.
This volume studies the role of natural resources in development and economic diversification. It brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.
The book is organized in three parts answering the following questions: Are Natural Resources a Curse? Econometric Evidence; Part II: Are Natural Resources a Curse? Lessons from History, and Are Natural Resources Destiny? More information
For more info and details, please see the recent working paper (pdf - 690k) which has been updated to reflect these changes (you can also see the previous working paper for version 1.0) or contact Chad Bown at email@example.com.
Recent Book Chapters, Journal Articles featuring World Bank’s staff
Anderson, Kym (2006), “Interactions between Trade Policies and GM Food Regulations”, Chapter in Regulating Agricultural Biotechnology: Economics and Policy, edited by R.E. Just, J.M Alston, and D. Zilberman, New York: Springer.
Anderson, Kym and John Nash (2006), “Trade Reform and the Doha Development Agenda”, Chapter 7 in Global Issues for Global Citizens: An Introduction to Key Development Challenges, edited by V. Bhargava, Washington DC: World Bank.
Anderson, Kym, W. Martin and D. van der Mennsbrugghe (2006), “Global Trade Reform and the Doha Development Agenda”, Chapter 2 in Developing Countries and the Doha Development Agenda of the WTO, edited by P. van Dijck and G. Faber, London: Routledge.
Anderson, Kym (2006), “Reducing Distortions to Agricultural Incentives: Progress, Pitfalls and Prospects” (AAEA Fellow Address),American Journal of Agricultural Economics, 88(5): 1135-46, December.
Anderson, Kym and Will Martin (2006), “The Doha Agenda Negotiations on Agriculture: What Could They Deliver?” American Journal of Agricultural Economics, 88(5):1211-18, December.
Anderson, Kym, W. Martin and E. Valenzuela (2006), “The Relative Importance of Global Agricultural Subsidies and Market Access”, World Trade Review, 5(3):357-76, November.
Anderson, Kym and D. Wood (2006), “What Determines the Future Value of an Icon Wine? New Evidence from Australia”, Journal of Wine Economics, 1(2), November.
Anderson, Kym, W. Martin and D. van der Mensbrugghe (2006), “Impact of Global Trade and Subsidy Policies on Developing Country Trade”, Journal of World Trade, 40(5):945-68, October.
Gawande, Kishore and Bernard Hoekman (2006), “Lobbying and US Agricultural Policy,” International Organization, vol. 60 (Summer), pp. 527-61.
Hertel Thomas W., Roman Keeney, Maros Ivanic, and L. Alan Winters (2006), “Distributional Effects of WTO Agricultural Reforms in Rich and Poor Countries, World Bank Policy Research Working Paper 4060, November.
Hoekman, Bernard (2006), “Trade Liberalization, Trade Agreements and Economic Development,” in Mitsuo Matsushita, Dukgeun Ahn and Tain-Jy Chen (eds.), The WTO Trade Remedy System: East Asian Perspectives, London: Cameron.
Hoekman, Bernard and Felix Eschenbach (2006), “Services Policies in Transition Economies: On the EU and WTO as Commitment Mechanisms,” World Trade Review, 5(3): 415-43.
Hoekman, Bernard, Costas Michalopoulos and L. Alan Winters (2006), “Improving Special and Differential Treatment in the Doha Round: Some Proposals,” in P. van Dijk and G. Faber (eds.), Developing Countries and the Doha Development Agenda of the WTO, London: Routledge.
Porto, Guido (2006), “Using Survey Data to Access the Distributional Effects of Trade Policy”, Journal of International Economics, 70(1):160-160, September.
Lederman, Daniel, C. Jaramillo, M. Bussolo, D. Gould and A. Mason (2006), “Challenges of CAFTA : Maximizing the Benefits for Central America”, Directions in Development, Washington, DC: World Bank.
Trade Policy for Development Executive Course, Columbia University (SIPA) and World Bank Institute, April 30 - May 18, 2007
The School of International and Public Affairs (SIPA) at Columbia University and the World Bank Institute (WBI) will be offering a new "flagship" trade course from April 30 to May 18, 2006, with two weeks on the Columbia campus in NYC followed by a week at the Bank in DC. This fee-based course, titled "Trade Policy for Development Executive Course" will cover the entire trade policy and negotiating agenda, emphasizing its economic and development implications, and is intended mainly for middle to senior level government officials, their advisors, and representative of business associations from developing countries. However, the course will be open also to staff from international organizations, donors, and governments and civil society in developed countries. A ceiling of 40 participants has been set to ensure a high level of instructional quality and interaction among the participants. Participants will be issued a certificate of course completion issued jointly by SIPA and WBI. Lecturers will be drawn from the trade experts in the economics and other departments at Columbia University, in the Bank's International Trade Department staff, and at other selected institutions.
The cost of attending this three-week long course will consist of mandatory tuition fees of $5,700, optional accommodation charges of $3,900 if accommodation is requested through SIPA and WBI, and travel-related expenses. The cost of attending this three-week long course is comparable to the cost of attending Harvard's KSG two-week long executive course on trade policy. Unfortunately, no scholarships or tuition waivers are available to offset such costs. Participants are expected to identify and obtain the required funding for all travel, meals, accommodation, and tuition from their employers or from local development agencies and aid donors that have ongoing programs of trade-related technical assistance and may be able and interested in sponsoring training abroad.
Please help in forwarding the above information about this new course to other colleagues and counterparts who may be interested in this course.
For the Record
“Needs, Priorities and Costs for implementation of measures proposed in the WTO Trade Facilitation negotiations. A Comparative Study based on a Sample of Six Developing Countries” -- December 11, Geneva, Switzerland.
In an effort to provide developing Members with some indicative data on the nature and extent of technical assistance and capacity building support they would require if future WTO trade facilitation commitments are ultimately agreed upon, the World Bank, with the support of the IMF and the WCO, undertook a study based on the wide range of proposals tabled to date in the Negotiating Group on Trade Facilitation.
Key findings of the study were shared with Geneva-based delegations and other interested stakeholders -- the seminar attracted more than 150 participants. Tony Miller, Representative of Hong Kong, China, and chair of the Trade Facilitation negotiations, Kunio Mikuriya, Deputy Secretary General of the World Customs Organization, Gerard McLinden (main author), World Bank, and Luc de Wulf, consultant, participated in a panel, chaired by Carlos Braga, World Bank, that discussed the findings of the study. In his opening address Mr. Miller highlighted the progress made in the negotiations to date and the need to focus more attention in the coming months on detailed assessments of the technical assistance needs of developing countries and LDCs. He recognized the positive contribution that this study would make in assisting Members to better understand the scope and scale of any TA required to implement new trade facilitation commitments. He also highlighted the fact that Annex D organizations (the IMF, OECD, UNCTAD, WCO and the World Bank) and donors had cooperated in preparation of the report and said it demonstrated our commitment to responding to the information needs of Members. Mr. Mikuriya addressed the WCO's contribution to the study and its role in providing detailed technical standards relevant to the WTO TF negotiating agenda.
Gerard McLinden presented the study. Importantly, the study found that concerns about the long-term costs and implementation difficulties associated with measures currently being negotiated may be less than previously thought. A small number of measures, such as the introduction of a fully electronic single window or the construction or refurbishment of border stations may, however, entail significant costs in terms of equipment/infrastructure needs. Following the presentation, many interventions were made by WTO Members. Many countries asked for assistance to determine their own needs and priorities for technical assistance (TA). Few commented on the relatively modest estimates for TA identified by the study although some did note that their trade facilitation performance was unlikely to improve until such time as they are able to address critical infrastructure related problems.
“Africa’s Silk Road. China and India’s New Economic Frontier”, Harry G. Broadman (World Bank) presented the book “Africa’s Silk Road. China and India’s New Economic Frontier” in Geneva on November 29th.
Broadman addressed several key issues: What has been the recent evolution of the pattern and performance of trade and investment flows between Africa and Asia; which factors are likely to significantly condition these flows in the future; what have been the most important impacts on Africa of its trade and investment relations with China and India; and lastly what actions can be taken to help shape these impacts to enhance Africa’s economic development prospects. The book argues that reforms targeting ‘behind the border’ and ‘between the border’ barriers, as well as actions that leverage trade-FDI linkages, constitute the priority policy agenda for African countries. The book also underscores major asymmetries in Africa’s economic relations, arguing that for Africa to fully benefit, all sides must pursue reforms. The book was well-received by the audience though some felt that it was too optimistic in portraying a bright trading future between the continent and China.
OECD Global Forum on Trade
: “A trade policy dialogue on the multiple dimensions of market access and development
”, organized in partnership with the World Bank and with the support of the Government of Mexico, October 23-24, Mexico City, Mexico
The purpose of this Global Forum on Trade event was be to bring together trade policy makers, academics, industry representatives and other experts from OECD and non-OECD countries for a timely trade policy dialogue on market access issues. A strategic discussion of market access issues has provided a helpful stocktaking at the critical juncture of the DDA and looking beyond. Market access was considered across various development dimensions including global (MFN) liberalization, North-South trade and South-South trade, trade in services, and regional trade liberalization (as a complement to multilateral liberalization). The structure of the event emphasised brainstorming and dialogue among these experts, with a view to informing the global debate on trade and development in the context of the DDA.