The main goal of the paper is to discuss the problem of macroeconomic policy coordination in MERCOSUR and how it could contribute to sustaining growth. In the first part, the paper reviews the macroeconomic situation of MERCOSUR, emphasizing the role of the developments that followed the regime...

The Aid for Trade initiative marked international acceptance of the limitations of trade as a tool for development and of a role for the WTO in aid. Countries need infrastructure, institutions, technical capacity, and investment in order to trade, and to respond to liberalization. Although many...

Aid for Trade may alleviate some fears by developing countries about the social cost of trade reforms and hence help de-block the WTO negotiations. It may also help address critical supply-side issues and contribute to the achievement of the MDGs. However, there is wide divergence in views what...

A consensus has developed that the International Monetary Fund (IMF) is not fulfilling its role, prompting multiple proposals for reform. However, this paper argues that the focus on reform should be complemented with an exploration of alternatives outside the IMF which hold the potential to not...

Despite the hold of the neoliberal orthodoxy on policy making in developing countries, industrial policy remains important for the promotion of industrial development. However, the context for the design of industrial policy has profoundly changed as a result of new rules governing international...

The concept of “odious debt” regroups a set of equitable considerations that have often been raised in the context of political transitions. This paper explores the grounds of the “odious debt” concept in international law and points out that obligation to repay debt has never been...

Efforts towards economic development in Brazil and India share some common aspects. From the beginning of the 1950s to the end of the 1980s, both countries adopted import substitution policies including high tariffs and non-tariff barriers. Since the beginning of the 1990s, liberalizing economic...

The implications of trade in services liberalization on poverty alleviation, on welfare and on the overall development prospects of developing countries remain at the hearth of the debate on the interlinkages between trade and development. Assessing the actual and potential implications of...