Franklin

Have North-South Growth Linkages Changed? [electronic resource] Hoffmaister, Alexander W..

Author/Creator:
Hoffmaister, Alexander W.
Publication:
Washington, D.C. : International Monetary Fund, 1996.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 96/54.
IMF Working Papers; Working Paper No. 96/54
Format/Description:
Government document
Book
1 online resource (38 p.)
Local subjects:
Aggregate exports.
Balance of payments.
Capital flows.
Commodity exporting countries.
Commodity exports.
Commodity prices.
Developing country exports.
Diversification of export.
Diversification of exports.
Diversified export bases.
Domestic investment.
Export base.
Export bases.
Export diversification.
Export growth.
Export markets.
Export revenue.
Export share.
Export shares.
Export volumes.
Exporters.
Exporting countries.
Exports of goods.
External shocks.
Global integration.
Global trade.
Global trading.
Global trading patterns.
Import demand.
Increased openness.
Increased trade.
Increasing competition.
Increasing integration.
Investment flows.
Manufactured exports.
Market integration.
Merchandise exports.
Oil-exporting countries.
Open trade.
Open trade regimes.
Output growth.
Protectionist policies.
Regional trade.
Share of world exports.
Terms of trade.
Total exports.
Trade barriers.
Trade liberalization.
Trade losses.
Trade policies.
Trade policy issues.
Trade regimes.
Trade surplus.
Trade terms.
Trading patterns.
Transition countries.
Transmission of shocks.
Value of trade.
World economy.
World exports.
World output.
Australia.
Brazil.
Grenada.
Japan.
Korea, Republic of.
New Zealand.
United Kingdom.
Summary:
This paper provides preliminary econometric evidence suggesting that the traditional trade-based business cycle linkages between the North and the South have changed. Many countries in the South, in particular in Asia, appear to have become more resilient to cyclical movements in the North, and to have come to play a more significant role in sustaining global activity, in particular during the 1991-93 slowdown. A number of factors may have contributed to these changes: improved domestic policies and more open trade and exchange regimes; closer financial linkages with the North and a substantial increase in capital flows; a marked rise in inter-regional trade; and greater diversification of the exports of the South.
Notes:
Description based on print version record.
Contributor:
Hoffmaister, Alexander W.
Pradhan, Mahmood.
Samiei, Hossein.
Other format:
Print Version:
ISBN:
1451969627:
9781451969627
ISSN:
1018-5941
Publisher Number:
10.5089/9781451969627.001
Access Restriction:
Restricted for use by site license.
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