Increasing Trade & Investment: Policies, Institutions, And Development Assistance
- Topics:
- Global Strategy
- Tags:
- Developing Country,
- Finance,
- Free Trade,
- Investment
FREE Registration is required
Overview: Globalization offers an unprecedented opportunity for developing countries to achieve faster economic growth through trade and investment. However, these resource flows remain concentrated among relatively few, largely middle-income developing countries. Can low-income developing countries benefit from the global economy? This paper argues that through greater openness and sound governance--reforms that raise the level of economic freedom--low-income developing countries can gain access to global product and capital markets, and many have already done so. The same measures encourage local investment and enterprise as well. Elements of successful reform programs include achieving macroeconomic stability, liberalizing the trade regime, strengthening the role of the private sector in the economy, and establishing the rule of law. The key is to sustain the pace of reforms, and this is where development assistance can play a major role: nurturing support for reform, building market infrastructure to support private transactions, and assisting vulnerable segments of society through the transition.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2003 | Pages: 1
