Attention Economy


Wednesday, December 13, 2023

International Trade/Finance and Economic Development

Developing Countries Should Reject American-Style Protectionism
https://www.project-syndicate.org/commentary/united-states-industrial-policy-undermines-multilateral-trade-by-arvind-panagariya-2023-12
The fragmentation of the world economy poses an existential threat to the World Trade Organization and the multilateral system that has fueled the global economy’s growth for the past half-century. Paradoxically, the threat comes from the United States, historically the world’s leading proponent of trade liberalization.
 
The Trade-Finance Gap Is Holding Back Developing Economies
https://www.project-syndicate.org/commentary/how-to-close-trade-finance-gap-for-developing-economies-by-ngozi-okonjo-iweala-and-makhtar-diop-2023-12
It is no secret that countries that have achieved sustained high growth and major reductions in poverty in recent decades owe much of their success to international trade. But access to trade finance is highly uneven across countries and businesses, and getting more of it to those who need it will require three key changes.

How a Plan to End Poor Countries’ Debt Crises Created a New One
https://www.wsj.com/economy/global/how-a-plan-to-end-poor-countries-debt-crises-created-a-new-one-102ca56e
Economists urged developing nations to borrow in their own currencies to erase the “original sin” of dollar debt. Now the blowback is beginning to mount.

China Turns the Tables on Wall Street
https://www.wsj.com/finance/china-turns-the-tables-on-wall-street-ed126a47
Beijing is ripping up the playbook for handling international debt defaults

Broadband, Business Formation, and Economic Growth in the Global South: Assessing China’s Impact by David P. Goldman
https://americanaffairsjournal.org/2023/11/broadband-business-formation-and-economic-growth-in-the-global-south-assessing-chinas-impact/