Putting Development First

The Importance of Policy Space in the WTO and International Financial Institutions

By: Kevin P. Gallagher (Editor)

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Paperback | 16 June 2005 | Edition Number 1

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320 Pages

Dimensions(cm)
22.86 x 15.24 x 1.91

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Some of the world's most prominent development thinkers address the following question in this volume: to what extent are the rules and economic forces that govern the global economy shrinking the 'policy space' that developing countries can draw from in order to construct policies to raise the standards of living of their people? They then analyse the possibly considerable room for manoeuvre that developing countries still have at their disposal despite global macro-economic realities, IMF/World Bank policies, and the trade rules regime of the World Trade Organization. Finally, the authors suggest actual policies that could be put in place in order to preserve existing spaces for development and to expand the tools developing countries can deploy.

Industry Reviews

The book is able to provide a thorough theoreotical and empirical analysis of how attempts to increase developing countries' openness may impinge on their domestic policy space, impairing their ability to be able to adopt effective policies for their development. It should be able to guide policy and decision-makers in the right direction. * Neha Batura, Economic and Political Weekly *

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