The global financial crisis knocked world trade off track and triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to revisit the basic assumptions of trade openness and global exchange. However, it is crucial not to lose sight of the dynamic benefits that openness can offer. The real question is how to manage outward-oriented strategies so as to maximize the benefits of openness while minimizing risks.
The World Bank Group and ECIPE
invite you to a book launch and discussion:
Managing Openness: Trade and Outward-Oriented Growth after the Crisis
Managing Openness: Trade and Outward-Oriented Growth after the Crisis, a new World Bank book, contributes to this important debate by presenting a comprehensive analysis of trade-related aspects of the crisis. The authors give crucial insights into how countries can manage outward-oriented growth in the post-crisis environment, including:
- the continued relevance of the export-led growth model in the post-crisis environment, and the increasing importance of South-South trade;
- policy instruments to help manage the risks that come with increased openness;
- lessons learned from the crisis for particular countries and regions
- effects of emerging trade policy issues – such as climate change, commodities, global production networking, and migration – on the prospects for recovery and outward-oriented growth.
Mona Haddad, Sector Manager at the World Bank’s International Trade Division and co-editor of the volume, will present its key findings. Commentary will then be provided by Hosuk Lee-Makiyama (Director, ECIPE) and Bertin Martens (Deputy Chief Economist, DG Trade) before opening for Q&A. The chairman will be Roderick Abbott, Senior Adviser at ECIPE.
Please RSVP by April 13 to firstname.lastname@example.org
For more details of the book, please click here.