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| 1 |
ID:
092031
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2008.
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| Summary/Abstract |
This article analyses prospects for cooperation among Russia, India and China (RIC) in international economic governance. Section I discusses how the membership of these countries in the different international economic institutions affects their potential for cooperation. Section II analyses their recent economic performance.
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| 2 |
ID:
103681
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2010.
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| Summary/Abstract |
This paper examines five issues: 1) Recent performance of developing countries in terms of growth, investment and integration with the world economy; 2) The impact of the crisis on these economies; 3) The response of policy makers in these economies to mitigate the adverse impact, in particular, the nature of the stimulus packages implemented in these economies; 4) The role developing countries can play in the recovery of the world economy; and 5) The role of China in the recovery, and, in particular, how to deal with the bilateral imbalance between the US and China. Special attention is paid to the behaviour of the economies of the developing country members of the G20 (DG20).1 Finally, the paper discusses what the crisis has revealed about the interests of Russia, India and China in the world economy and consequently a possible strategy for the G20 which would serve their interests.
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| 3 |
ID:
183140
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The Doha Round of multilateral negotiations is at a stalemate. The aid situation is changing as many countries are graduating from the soft loan arm of the World Bank Group. Developing countries built up their foreign exchange reserves to avoid borrowing from the International Monetary Fund (IMF), leading the IMF to retrench. This article explores the evolution of multilateralism from, essentially, its political roots to the economic area after the First World War (FWW), though in a limited way, and more fully after the Second World War (SWW). We then discuss how the workings of these economic multilateral institutions resulted in the current situation, where they risk becoming irrelevant. Finally, the article discusses the possible role of theG20 in the revival of multilateralism and, in particular, the role that developing countries might play in the revival.
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| 4 |
ID:
173972
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| Summary/Abstract |
There has been considerable debate over whether the USA is losing its stronghold over the world economy and its power declining, giving way to new leadership from the emerging economies (EEs) like China. This article uses the notion of power based on the resources available to a state. It uses a number of measures to measure the resources available to a state and so assess economic power. It finds that there has been a slight decline in the importance of the developed countries and an increase in that of the developing countries (DCs). However, there is a slight decline in the power of the USA. The increase in the importance of developing countries is mainly on account of China. But the changes do not mean that developing countries can get the changes they desire. There is more of a stalemate.
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| 5 |
ID:
129057
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2014.
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| Summary/Abstract |
This article analyses shifts in economic power over the last five decades or so. While developing countries (DCs) and regions have increased their share of incremental world income and incremental world exports over this period, there is very little shift in the relative rankings according to size of GDP of the 25 largest economies in 2011. The economies of South Korea and Brazil have become relatively much larger; the other changes have been minor. The correlations between the ranks over the years are very large showing that there has been little change in the rankings. Also, the GDP and per capita GDP of other countries and regions have increased relative to the US but this increase has been slow, particularly after 1982. The GDP of most of the large DCs has increased relative to that of the US but far fewer have increased their relative per capita GDP suggesting slow rates of growth of productivity and limited structural change of shift in economic activity from low productivity to high productivity sectors. Aggregating 20 indicators to form an index of economic power, we find that there has been little change in the rankings according to this index. Further, measuring the distance of individual countries from the US on the basis of these indicators, we find that most countries have been converging on the US, but very slowly. There is no evidence that the 2008 financial crisis has resulted in a hastening of the decline of the US.
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| 6 |
ID:
052139
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| Publication |
Apr-May 2004.
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| 7 |
ID:
157060
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| Summary/Abstract |
It is widely proclaimed that capital account liberalization would immensely benefit developing economies because once capital controls are lifted, developing economies create a potential for movement of capital. And, this free movement of capital could possibly increase growth thereby lifting millions out of poverty. India has been gradually liberalizing since the 1980s and throughout more capital inflows were observed compared to outflows. Also, the composition of capital flows has been changing since the 1980s–with Foreign Direct Investment (FDI) inflows rising steadily post-1991compared to portfolio and debt flows. However, since 2000, FDI outflows from India were also witnessed. In this paper we empirically test the impact of FDI flows on poverty in India for 1980–2011. To provide a correct perspective to India’s performance we also analyze the link between FDI flows and poverty for SAARC countries. For a better understanding of how FDI flows impact poverty, we analyze the outflows and inflows separately. The results show both similarities and contrasts in the behaviour of India in comparison with the other SAARC countries
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| 8 |
ID:
109730
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| 9 |
ID:
066517
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| 10 |
ID:
074018
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| 11 |
ID:
078861
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| Publication |
2007.
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| Summary/Abstract |
The article examines the performance of the Chinese, Indian and Russian economies in the context of the world economy. The major features of the world economy has been (i) its slowing down for all regions except Asia since the oil price shocks of 1973-74, (ii) the increasing integration of the different economies as barriers to trade have been reduced, and (iii) increasing importance of private capital flows. While the Russian economy, or that of the erstwhile Soviet Union, was not affected by the oil price shocks other economies apart from the Asian economies were. A major aspect of this effect is the decreasing productivity of capital. An important challenge is how the international economic system can be managed to return the world economy to higher rates of growth. In particular, how can growth rates in the developing world be raised? Trade liberalization must assist in this endeavor. Furthermore, increasing private capital flows have created the potential for destabilizing capital movements. It has been recognized that changes must be made in the international financial system. In this article we examine the interests of China, India and Russia in the international economic system.
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| 12 |
ID:
060623
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Oct-Dec 2004.
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| 13 |
ID:
079883
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| Publication |
2007.
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| Summary/Abstract |
This article analyses the performance of the South Asian economies in the context of the evolution of the world economy. Recent years have seen considerable liberalisation of trade and capital flows in practically all countries, particularly developing countries. Trade has, consequently, expanded and developing countries are relying more on private flows than on aid to finance their balance of payments deficits. The performance of most developing countries has suffered since the oil price rises in 1974-77. Asian countries are an exception to this as they have grown rapidly. Growth rates in South Asian countries, after lagging behind those in East Asia, now seem to be catching up. Savings and investment rates have been increasing, as also exports. India, among the South Asian countries, is most likely to maintain a rapid growth rate. Manufactured goods feature more prominently in its economic structure and exports, and manufactures tend to show more dynamism. Also, the rapid growth of exports of commercial services, which have been growing particularly rapidly in the world economy, augurs well for the future.
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