Thursday, 23 August 2007

Trade and Industry Monitor Volume 36: Are Developing Countries Losing Policy Space or not Using New Opportunities?

In this edition of the Trade & Industry Monitor we focus on the impact of the global economy on developing countries, particularly in terms of the measures and responses available to them in the industrial and trade policy arenas.
In our Special Focus article, Ha-Joon Chang notes that the changing global environment has put new restrictions on the conduct of industrial policy. Especially for developing countries, the available policy space is constantly under pressure. However, for Chang this does not spell the end of industrial policy; it only means that countries need to be more creative in policy design and implementation. He finds that there is still considerable room for manoeuvre especially if developing countries realise they have the power to influence the course of events and make full use of new opportunities that are opening up.

 

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