Liberal development, 1925–46

2017 ◽  
Author(s):  
John Toye
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Exchange Rate ◽  
Developing Country ◽  
Trade Protection ◽  
Communist Country ◽  
Economic Policies ◽  
Government Finance ◽  
Soviet Government ◽  
Experimental Economic

Keynes’s writings are often disregarded in the context of economic development, overlooking that Russia was a developing country in his lifetime. He wrote about the experimental economic techniques that the Soviet government employed. He visited Russia three times and wrote A Short View of Russia in which he explained and criticized Bolsheviks’ policy of export and import monopolies, an overvalued exchange rate, inflationary government finance, and the subsidization of industry. These were policies that many developing countries adopted after decolonization. Keynes’s conclusion was that they were inefficient and that ‘bourgeois economics was valid in a communist country’. Did Keynes change his mind in the 1930s? If anything, he grew more harshly critical of Soviet economic policies and carefully distinguished them from his own endorsement of moderate trade protection and government supplementary investment in times of depression.

ANALYSIS AND PROSPECTS FOR IMPLEMENTATION OF THE INVESTMENT LIBERALIZATION REGIME IN THE WORLD ECONOMY

2021 ◽  
pp. 99-109
Author(s):  
Shokhrukh B. Akhmedov ◽  
◽  
Vladimir M. Kutovoi ◽  
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
World Economy ◽  
Trade Openness ◽  
Economic Policies ◽  
Foreign Companies ◽  
The World ◽  
Local Sources ◽  
Political Conditions ◽  
The Impact

The article assesses a significance of the most important component of the agreement on accession to the WTO, namely the agreement on trade-related investment measures (TRIMs), in increasing the attractiveness of developing countries to investors from abroad. In addition, traditional determinants of FDI placement, such as the macroeconomic stability, trade openness, and economic development, are considered. The authors carry out an analysis in the field of regulation of TRIMs by the example of economic policies in developing countries. The study shows that the extent to which TRIMs contributed to achieving the goals varied significantly, reflecting the specific economic and political conditions of the country using them. In some cases, they played a role in encouraging foreign companies to make more use of local sources or increase their exports from the host country. In other cases, the impact seemingly was negligible.

Regional and Sectoral Disparities in Inflow of FDI in India

2012 ◽  
pp. 149-162 ◽  
Author(s):  
Behrooz Shahmoradi
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Developing Country ◽  
Direct Investment ◽  
Steady Increase ◽  
Policy Makers ◽  
Fdi Inflows ◽  
Reform Period ◽  
Micro Level

During the last two decades, Foreign Direct Investment (FDI) has become increasingly important in the developing world, with a growing number of developing countries seeking in attracting substantial and rising amounts of inward FDI. Furthermore, FDI has become the most important source of finance that can contribute to economic development. Recognizing this, all the governments want to attract it. India as a developing country is not an exception in this regard therefore study the different aspects of FDI can be helpful for policy makers in macro as well as micro level. Since 1990, FDI has been considered as the most powerful driver of economic development. While India has seen a steady increase in FDI inflows in the post-reform period, therefore, this study tries to analyze the regional and sectoral disparities in Inflow of FDI in India since 1990. The analysis showed that there is a disparity between states in India and it also indicates a shift from primary and secondary sectors to tertiary sectors and pervasive computing areas.

Regional and Sectoral Disparities in Inflow of FDI in India

2010 ◽  
pp. 234-246
Author(s):  
Behrooz Shahmoradi
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Developing Country ◽  
Direct Investment ◽  
Steady Increase ◽  
Policy Makers ◽  
Fdi Inflows ◽  
Reform Period ◽  
Micro Level

During the last two decades, Foreign Direct Investment (FDI) has become increasingly important in the developing world, with a growing number of developing countries seeking in attracting substantial and rising amounts of inward FDI. Furthermore, FDI has become the most important source of finance that can contribute to economic development. Recognizing this, all the governments want to attract it. India as a developing country is not an exception in this regard therefore study the different aspects of FDI can be helpful for policy makers in macro as well as micro level. Since 1990, FDI has been considered as the most powerful driver of economic development. While India has seen a steady increase in FDI inflows in the post-reform period, therefore, this study tries to analyze the regional and sectoral disparities in Inflow of FDI in India since 1990. The analysis showed that there is a disparity between states in India and it also indicates a shift from primary and secondary sectors to tertiary sectors and pervasive computing areas.

scholarly journals Application of Multi-Criteria Decision-Making Model and GM (1,1) Theory for Evaluating Efficiency of FDI on Economic Growth: A Case Study in Developing Countries

2019 ◽  
Vol 11 (8) ◽  
pp. 2389 ◽  
Author(s):  
Wang ◽  
Le
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Developing Countries ◽  
Economic Development ◽  
Exchange Rate ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Sustainable Economic Development ◽  
Sustainable Economic Growth

Foreign direct investment (FDI) and corporate social responsibility (CSR) spending are one of the major factors in improving sustainable economic development of a country. Therefore, this study focuses on the multi criteria application of FDI and sustainability factors (CSR spending) in various developing countries to explore its impact and decision making for sustainable economic growth. The study uses a case study methodology whereby FDI, exchange rate, and CSR expenditure data from 20 countries were used to assess the efficiency in sustainable economic growth. Data were collected from the World Bank for 20 Asian and African developing countries during 2012–2017 and analyzed using GM (1,1), mean absolute percentage error (MAPE), Malmquist productivity index (MPI)-data envelopment analysis (DEA), and the slacks-based measure of efficiency (SBM) model. Correlation analysis is used to find the relationship for FDI, CSR, exchange rate, gross domestic product (GDP), and GDP per capita (GDPPC). The results of the Malmquist productivity index and the frontier effect clearly highlight that a few countries have witnessed a great improvement in terms of productivity and technological progression. Therefore, the decision makers must adopt the model of those countries with respect to sustainable development of the nation. This study helps developing nations as well as researchers to benchmark efficient countries and follow their strategies to develop a new one for utilizing FDI and CSR spending in sustainable economic development. The study also helps policy makers in multi criterion application of FDI and CSR for decision making in economic development.

Competition Law in Developing Countries

2020 ◽  
Author(s):  
Cheng Thomas K
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Law Enforcement ◽  
Developing Country ◽  
Competition Law ◽  
Competition Law Enforcement ◽  
Competition Laws ◽  
The Relationship

This book explores the relationship between competition law and economic development, which takes on growing importance as more and more developing countries have adopted competition law in recent years. The work tackles two principal questions. The first is whether competition law enforcement promotes growth, which helps to determine how seriously developing countries should enforce their competition laws. The second is how developing countries should craft their competition law rules in light of the need to incorporate development concerns, the need to reflect the special economic characteristics of developing countries, and the need to improve the administrability of competition law rules to suit the enforcement capacity of developing country authorities.

Technology Leapfrogging for Developing Countries

2011 ◽  
pp. 3707-3713 ◽  
Author(s):  
Michelle W.L. Fong
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Developing Country ◽  
Developed Countries ◽  
Industrialized Countries ◽  
Catch Up ◽  
Technological Opportunities ◽  
Ict Revolution ◽  
Realistic Goal

Developing countries are generally latecomers to the ICT revolution, but if they can emulate industrialized countries in their adoption of ICTs, they will be afforded the same technological opportunities. Successful exploitation of such opportunities by developing countries can significantly narrow the economic gap between them and developed countries as they catch up in economic development. In ICT’s advancement trajectory, the opportunities offered by a newly emerged ICT tend to be superior to those of prior versions of technology. If a developing country leapfrogged to a newly emerged ICT, it would then be exposed to unprecedented potential in alleviating poverty and securing economic growth, as well as the possibility of surpassing developed and industrialized countries in economic development. Thus, technology leapfrogging is an attractive notion to developing countries, but is it a realistic goal?

A two-thirds of success. Poland’s post-communist transformation 1989–2009

2009 ◽  
Vol 42 (3) ◽  
pp. 325-351 ◽  
Author(s):  
Grzegorz W. Kolodko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Policy Coordination ◽  
Institutional Changes ◽  
Communist Country ◽  
Economic Policies ◽  
Economic Theories ◽  
Cultural Aspects ◽  
Socio Economic Development

The progress toward institutional changes should be evaluated through the prism of their influence on a country’s development abilities. In Poland, during the twenty years of comprehensive systemic shift, gross domestic product (GDP) has increased more than in any other post-communist country. While judging the transformation progress, not only the improvement of competitiveness and growth in terms of quantity must be taken into account, but also social and cultural aspects. There have been five distinct periods in Poland, from the viewpoint of economic growth. Had there been a better policy coordination of systemic change and socio-economic development, GDP over the periods considered could have increased by a half more. This opportunity has been missed due to the intermittent implementation of wrong economic policies based on wrong economic theories. Poland’s transformation can be seen as a success, but only to the extent of two-thirds of its potential.

scholarly journals Planning Agricultural Exports in a Developing Country: The Indian Case

1972 ◽  
Vol 1 (01) ◽  
pp. 23-31
Author(s):  
Tridib K. Mukherjee ◽  
John R. Moore
Keyword(s):  
Developing Countries ◽  
Economic Policy ◽  
Developing Country ◽  
Planning System ◽  
Economic Policies ◽  
Planning Commission ◽  
Indian Government ◽  
Agricultural Exports ◽  
General Overview ◽  
Means Of Production

Objective This paper reports findings of a study of how India has planned her agricultural exports, the problems she has encountered, and the lessons she has learned in the process of value to other developing countries. The problems and lessons are discussed in detail after a general overview of India's planning system and trade situation. Introduction India gained independence in 1947 and has since followed a socialistic economic policy. Such a policy has proven rather difficult, however, due to a lack of government finances and ownership of most means of production. To help make and implement her economic policies, the Indian government has established a planning commission. It is responsible for drawing up the country's five-year plans and seeing they are implemented by the government's various executive ministries. India is currently in her fourth five-year plan (1969–1974).

The political economy of retail liberalization: The case of India

2014 ◽  
Vol 05 (01) ◽  
pp. 1440005
Author(s):  
Arpita Mukherjee ◽  
Tanu M. Goyal
Keyword(s):  
Political Economy ◽  
Developing Countries ◽  
Economic Development ◽  
Developing Country ◽  
Bargaining Power ◽  
Trade Agreements ◽  
The Political ◽  
Trade In Services ◽  
The Past

This paper examines the political complexities of retail liberalization in a developing country such as India in the overall context of liberalization of trade in services. Drawing on the experiences of other developing countries and India's experiences in the past decade of allowing FDI in retail, the paper found that retail modernization is a part of economic development and it will continue to happen. The governments of developing countries have to take into account multiple perceptions related to retail liberalization and design a policy that is non-discriminatory and transparent. Appropriate policies should be in place to support the traditional retailers to face competition. Developing countries should be willing to bind their unilateral liberalization in trade agreements and this will enhance their bargaining power.

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