This chapter argues that China’s attitude to multilateralism and responsibility in global economic governance is questionable or unclear. China poses a major challenge to the world economy by virtue of being a new global economic superpower. For the past decade, its position as a strong player...

During recent decades, the Colombian leadership has opted for a pattern of accumulation based on primary export trade, in two distinct but sustained phases of opening of the economy. This is contrary to the model of accumulation that is emerging internationally at the beginnings of XXI Century,...

The economic slowdown experienced in Colombia since 1980 is explained by the structural stagnation of the national economy and the escalation of violence associated with the expansion of drug trafficking. The available data do not reject this hypothesis. The article sustains that...

The paper shows that Food Aid, as a development tool, ends together with the end of cereal production surpluses in the developed countries. The first section examines the forms of Food Aid as defined by DAC of the OECD. The second section builds on the role of cereals as a commodity constituting...

There has been a growing concern of developing industrial clusters in developed nations and emerging economies in the past two decades to strengthen economic growth and development. The concept of properly organised industrial clusters has not yet been heavily implemented in developing nations,...

We take a fresh look at the aggregate and distributional effects of policies to liberalizeinternational capital flows-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while contributing tosignificant increases...

This paper examines the role of multinationals and international business in poverty alleviation, based on an analysis of articles in the top journals in business, economics, and policy. We develop a conceptual cross-disciplinary framework that maps and disentangles the impact of different types...

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...