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Showing 1 through 22 of 22 results

The Africa Growth and Opportunity Act and Its Rules of Origin: Generosity Undermined?

by Aaditya Mattoo Arvind Subramanian Devesh Roy

The African Growth and Opportunity Act (AGOA), signed into American law on May 18, 2000, is a major plank of U.S. initiatives toward the African continent. The Act aims broadly at improving economic policymaking in Africa, enabling countries to embrace globalization, and securing durable political and economic stability. As an incentive for Africa to adopt the necessary policy reform, AGOA offers increased preferential access for African exports to the United States. This paper describes the provisions of AGOA and assesses its quantitative impact on African exports, particularly in the apparel sector.

Africa's Trade Revisited

by Arvind Subramanian Natalia Tamirisa

The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been callled into question recently by more formal analysis. This paper refines and generalizes this analysis, but lends supports to the popular view of disintegration. Africa, especially francophone Africa, is currently under-exploiting its trading opportunities and has witnessed disintegration over time, a trend that is most pronunced in its trade with the technologically advanced countries.

Aid and Growth: What Does the Cross-Country Evidence Really Show?

by Raghuram G. Rajan Arvind Subramanian

We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after this correction, we find little robust evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no evidence that aid works better in better policy or geographical environments, or that certain forms of aid work better than others. Our findings, which relate to the past, do not imply that aid cannot be beneficial in the future. But they do suggest that for aid to be effective in the future, the aid apparatus will have to be rethought. Our findings raise the question: what aspects of aid offset what ought to be the indisputable growth enhancing effects of resource transfers? Thus, our findings support efforts under way at national and international levels to understand and improve aid effectiveness.

Dynamic Gains from Trade: Evidence from South Africa

by Gunnar Jonsson Arvind Subramanian

A report from the International Monetary Fund.

The Egyptian Stabilization Experience: An Analytical Retrospective

by Arvind Subramanian

A report from the International Monetary Fund.

Greenprint

by Aaditya Mattoo Arvind Subramanian

Beleaguered by mutual recrimination between rich and poor countries, squeezed by the zero-sum arithmetic of a shrinking global carbon budget, and overtaken by shifts in economic and hence bargaining power between these countries, international cooperation on climate change has floundered. Given these three factors-which Arvind Subramanian and Aaditya Mattoo call the "narrative," "adding up," and "new world" problems-the wonder is not the current impasse; it is, rather, the belief that progress might be possible at all.In this book, the authors argue that any chance of progress must address each of these problems in a radically different way. First, the old narrative of recrimination must cede to a narrative based on recognition of common interests. Second, leaders must shift the focus away from emissions cuts to technology generation. Third, the old "cash-for-cuts" approach must be abandoned for one that requires contributions from all countries calibrated in magnitude and form to their current level of development and future prospects.

IMF Staff Country Reports

by Z. El-Masry Yuan Xiao Arvind Subramanian

A report from the International Monetary Fund.

The Missing Globalization Puzzle

by David T. Coe Natalia T. Tamirisa Arvind Subramanian Rikhil Bhavnani

A report from the International Monetary Fund.

What Does South Africa's Pattern of Trade Say About Its Labor Market?

by Arvind Subramanian Trevor Alleyne

A report from the International Monetary Fund.

What Undermines Aid's Impact on Growth?

by Raghuram G. Rajan Arvind Subramanian

A report from the International Monetary Fund.

What Would a Development-Friendly WTO Architecture Really Look Like?

by Aaditya Mattoo Arvind Subramanian

A report from the International Monetary Fund.

Who Can Explain The Mauritian Miracle: Meade, Romer, Sachs or Rodrik?

by Arvind Subramanian Devesh Roy

A report from the International Monetary Fund.

Why India Can Grow at 7 Percent a Year or More: Projections and Reflections

by Dani Rodrik Arvind Subramanian

A report from the International Monetary Fund.

The WTO and the Poorest Countries: The Stark Reality

by Aaditya Mattoo Arvind Subramanian

A report from the International Monetary Fund.

The WTO Promotes Trade, Strongly But Unevenly

by Shang-Jin Wei Arvind Subramanian

A report from the International Monetary Fund.

Showing 1 through 22 of 22 results

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