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at Center for Global Development
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Please join us for the launch event of the CGD working group report on global trade preference reform, Open Markets for the Poorest Countries: Trade Preferences That Work. Working group chair and CGD senior fellow Kimberly Elliott will present the report’s recommendations, and CGD president Nancy Birdsall will moderate a panel discussion with working group members William Lane and Gawain Kripke on how trade policies can better support development objectives.
About the report: Trade preference programs are powerful tools for stimulating exports, reducing poverty, and promoting stability in the world's poorest countries. Providing duty-free, quota-free market access for the least-developed countries is a key component of the Millennium Development Goals, a commitment that was reaffirmed at the World Trade Organization ministerial meeting in Hong Kong 2005. Open Markets for the Poorest Countries: Trade Preferences That Work calls on developed countries to improve their programs to support development objectives at the G-20 summit in Toronto in June. The report also calls on advanced developing countries, and other developing countries that are able to do so, to adopt similar principles by the 2015 target for achieving the Millennium Development Goals.
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.