World Bank Group World Bank Group
Home Site Map Index FAQs Contact Us
About Countries Data & Research Learning News Projects & Operations Publications Topics
Search  
Please Log In
  Shopping Cart.   RSS.

Managing Openness: Trade and Outward-Oriented Growth after the Crisis

Edited by Mona Haddad, Ben Shepherd
Price: $49.95   *Geographic discounts available!

Available; printed on demand. Books(s) will be printed when order is received.

Add to Cart:
Trade and Development
English; Paperback; 348 pages; 8.25x11
Published March 22, 2011 by World Bank
ISBN: 978-0-8213-8631-6; SKU: 18631


The global financial crisis triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. The crisis-induced collapse in trade was the sharpest ever since World War II, affecting all countries and all product categories. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to call into question the basic underlying assumptions of trade liberalization and openness. In particular, outward-oriented or export-led growth strategies are being reassessed as openness is increasingly associated with greater volatility. However, it is crucial not to lose sight of the dynamic benefits that openness can offer. Examples include technology transfer, increased competitive pressure that reduces markups and improves efficiency, and economies of scale. The real question is how to manage outward-oriented strategies so as to maximize the benefits of openness while minimizing risks.

This book aims to contribute to this important and ongoing policy debate, bringing together recent empirical work on the trade collapse, its causes and consequences, and the broader trade policy agenda in the post-crisis environment. It addresses critical policy issues revolving around the topic of outward-oriented growth strategy, including policy instruments that help manage risks associated with outward-orientation, lessons learned from the crisis for particular countries and regions, and how emerging trade policy issues such as climate change, commodities, global production networking, and migration affect the prospects for recovery and outward-oriented growth.


  • Shipping Weight: 2.04 lbs (0.93 kgs)



Related Products

Home  |  Site Map  |  Index  |  FAQs  |  Contact Us  |  Search
© 2013 The World Bank Group, All Rights Reserved. Legal.