South-South Globalization: Challenges and Opportunities for Development

by Murshed; Syed Mansoob

• ISBN13: 9780415592178
• ISBN10: 0415592178
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-06-23
• Publisher: Routledge

Summary

The two salient features of the global economy are the current world-wide recession induced by the recent financial crisis, and the emergence of major economic powers from within the developing world such as China, India and Brazil. A great deal has been said about the global financial crisis in terms of regulatory failure, but less attention has been focused on the macroeconomic imbalances that produced the current crisis. As world trade shrinks, and the multilateral trading system under the aegis of the WTO is increasingly being by-passed by bilateral and regional trading arrangements, the effects of economic diplomacy in fostering trade will become increasingly more important. Even before the present economic crisis began growth in South-South (inter-developing country) trade and South-South foreign direct investment (FDI) was outpacing growth in world trade.This volume will bring together contributions from key researchers, including Rolph van der Hoeven, Rob Vos, Kunibert Raffer, Karel Jansen and Peter Bergeijk, to address the unified theme of South-South economic cooperation and interaction in a recession affected globalized and interdependent world.

Table of Contents

List of figures	p. xvii
List of tables	p. xix
List of contributors	p. xxii
Preface	p. xxv
Acknowledgements	p. xxx
List of abbreviations	p. xxxi
Trends in globalization	p. 1
Globalization and the South at the crossroads of change	p. 3
New directions for globalization in times of crisis	p. 21
Global imbalances, financial crisis and globalization	p. 39
Global imbalances and the US crisis: is a bad excuse really better than none?	p. 61
Employment in the South	p. 78
Engines of growth in the South	p. 103
The asymmetry of North-South Regional Trade Agreements	p. 105
The multi-fibre arrangement and South Asia	p. 130
The geography of trade and the network effects of economic diplomacy in the South	p. 172
Value chain responsibility in the global South	p. 194
The diverse dynamics of deindustrialization internationally	p. 209
Country case studies	p. 239
The 'dragon' and the 'elephant' and global imbalances	p. 241
Trade integration after the great recession: the case of Argentina	p. 260
The macroeconomics of remittances: the case of the Philippines	p. 292
Regional integration and South-South trade expansion: the case of Senegal in Waemu	p. 321
Index	p. 343
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