Trade and development

Globalisation and Emerging Economies

 

 

 

OECD countries still dominate the world economy, but their share of world trade has dropped and some of the world’s most important economies are not members of the OECD. Foremost among these are the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa.

Globalisation and Emerging Economies analyses key elements of the trade performance of the BRIICS in relation to the rest of the world, focusing on trade and other policies influencing that performance.

Press Statement
Policy Brief: Globalization and Emerging Economies

The book reviews developments in global trade policy, notably the impact of preferential trade agreements on the multilateral system, and describes patterns of world trade using both indices that reveal networks of trading relations and more standard statistical and modeling results.

As well as the global analysis, the book also presents a separate chapter for each of the BRIICS, examining the key development and trade issues in each of the six countries over the past few years.

 

Crisis is an opportunity to revive trade reforms

Openness has served the BRIICS very well and the most open segments of their economies have done the best. Resisting protectionism and reviving stalled trade reforms would help the major emerging economies build on the progress achieved over the past two decades and emerge from the crisis with their trade performance strengthened, says the report.

 

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