SouthSouth Trade and Finance in the Twenty-First Century

Omar Dahi, Firat Demir

Description

Comprehensive discussion on South–South trade and finance and economic integration

This book is a contribution to the international trade and economic development literature and is based on a decade of joint research and collaboration on South–South economic relations. Given the increasing focus on the economic power of some developing countries, for example the 2013 Human Development Report’s “Rise of the South”, it is particularly appropriate and timely. [NP] The book’s findings are based on rigorous empirical examination of South–South trade and finance and it provides an even-handed assessment from the perspective of long-term development goals rather than mainstream welfare approaches or ideological/theoretical worldview. [NP] This work directly engages with the ‘new developmentalism’ literature that has challenged the neoliberal orthodoxy and its policy approach, which focuses on liberalization, privatization, and deregulation. It also engages with literature by examining whether the increase in South–South trade facilitates or inhibits the possibilities for developmentalist economic policy in developing countries. The book shows concrete and positive results from South–South trade particularly related to industrial development and also documents how South–South trade is dominated by large developing countries and that South–South trade liberalization may be counterproductive.

Chapter 1: Introduction to South-South Relations; Chapter 2: South-South Relations in Their Historical Context; Chapter 3: Theoretical frameworks and emerging trends; Chapter 4: Empirical Analysis of the Structure of Trade and Finance; Chapter 5: Stopping a Second Great Divergence: A New Framework For South-South Relations; Chapter 6: Concluding Thoughts.

Sujets

• POLITICAL SCIENCE
• General officer
• International relations
• Political economy
• General

Informations

• Publié par: Anthem Press
• Date de parution: 10 octobre 2016
• Nombre de lectures: 0
• EAN13: 9781783085873
• Langue: English

Extrait

South–South Trade and Finance in the Twenty-First Century
ANTHEM FRONTIERS OF GLOBAL POLITICAL ECONOMY
The Anthem Frontiers of Global Political Economy series seeks to trigger and attract new thinking in global political economy, with particular reference to the prospects of emerging markets and developing countries. Written by renowned scholars from different parts of the world, books in this series provide historical, analytical and empirical perspectives on national economic strategies and processes, the implications of global and regional economic integration, the changing nature of the development project and the diverse global-to-local forces that drive change. Scholars featured in the series extend earlier economic insights to provide fresh interpretations that allow new understandings of contemporary economic processes.
Series Editors
Kevin Gallagher – Boston University, USA
Jayati Ghosh – Jawaharlal Nehru University, India
Editorial Board
Stephanie Blankenburg – School of Oriental and African Studies (SOAS), UK
Ha-Joon Chang – University of Cambridge, UK
Wan-Wen Chu – Research Center for Humanities and Social Science, Academia Sinica, Taiwan
Alica Puyana Mutis – Facultad Latinoamericana de Ciencias Sociales (FLASCOMéxico), Mexico
Léonce Ndikumana – University of Massachusetts–Amherst, USA
Matías Vernengo – Bucknell University, USA
Robert Wade – London School of Economics and Political Science (LSE), UK
Yu Yongding – Chinese Academy of Social Sciences (CASS), China
South–South Trade and Finance in the Twenty-First Century

Rise of the South or a Second Great Divergence
Omar S. Dahi and Fırat Demir
Anthem Press
An imprint of Wimbledon Publishing Company
www.anthempress.com

This edition first published in UK and USA 2016
by ANTHEM PRESS
75–76 Blackfriars Road, London SE1 8HA, UK
or PO Box 9779, London SW19 7ZG, UK
and
244 Madison Ave #116, New York, NY 10016, USA

Copyright © Omar S. Dahi and Fırat Demir 2016

The moral right of the authors has been asserted.

All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the above publisher of this book.

British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library.

Library of Congress Cataloging-in-Publication Data
A catalog record for this book has been requested.

ISBN-13: 978-1-78308-585-9 (Hbk)
ISBN-10: 1-78308-585-1 (Hbk)

This title is also available as an e-book
To my mother
O. D.
To the three joys of life, Dace, Damla and Alnis
F. D.
CONTENTS
List of Figures
List of Tables
Preface
Acknowledgments Chapter One Introduction to South–South Relations Chapter Two South–South Relations in Their Historical Context Chapter Three Theoretical Frameworks and Emerging Trends Chapter Four Empirical Analysis of the Structure of Trade and Finance Chapter Five Stopping a Second Great Divergence: A New Framework for South–South Relations Chapter Six Concluding Thoughts
Appendix
References
Index
FIGURES
3.1 Number of preferential trade agreements by country pairs, 1958–2013
3.2 The evolution of global preferential goods trade, 1958–2013
3.3 The evolution of Southern and Northern preferential goods trade, 1958–2013
3.4 Evolution of bilateral versus multilateral trade agreements, 1973–2013
4.1 The share of South and North in world merchandise goods trade, 1948–2013
4.2a Diverging trends within the South: share of Emerging South within South–South and South–North trade, 1948–2013
4.2b Diverging trends within the South: shares of intra-Rest of South and intra-Emerging South exports in Rest of South and Emerging South exports, 1948–2013
4.3 Share of the Rest of South, Emerging South and North in world merchandise exports, 1948–2013
4.4a The share of primary product exports vs. GDP per capita, 1995–2009
4.4b The share of low-skill manufactures exports vs. GDP per capita, 1995–2009
4.4c The share of medium-skill manufactures exports vs. GDP per capita, 1995–2009
4.4d The share of high-skill manufactures exports vs. GDP per capita, 1995–2009
4.5 Median export unit values across product and country groups, 2009 (current prices)
4.6 The share of the Rest of South, Emerging South and the North in world manufactures exports, 1995–2009
4.7 The share of the South–South trade in world trade, 1995–2009
4.8 Emerging South vs. global South in total and manufactured goods trade, 1995–2009
4.9 Direction of the Rest of South manufactures exports, 1995–2009
4.10 Direction of Emerging South manufactures exports, 1995–2009
4.11 Country distribution of global high-skill manufactures exports, 1995–2009
4.12 Importance of high-skill manufactures in total manufactures exports of country groups, 1995–2009
4.13a Direction of Rest of South high-skill manufactures exports, 1995–2009
4.13b Direction of Emerging South high-skill manufactures exports, 1995–2009
4.13c Share of intra-group trade in high-skill manufactures exports, 1995–2009
4.14 Country distribution of global medium-skill manufactures exports, 1995–2009
4.15 Importance of medium-skill manufactures in total manufactures exports of country groups, 1995–2009
4.16 The share of the Rest of South, Emerging South and the North in world manufactures exports, 1995, 2000, 2009
4.17 Share of natural resource–intensive manufactures and primary goods in Rest of South merchandise exports, 1995–2009
4.18 Share of high-, medium- and low-skill manufactures in the Rest of South merchandise exports, by export direction, 1995 vs. 2009
4.19 Share of natural resource–intensive manufactures and primary goods in Rest of South merchandise exports, by export direction, 1995–2009
4.20 Share of high-, medium- and low-skill manufactures in Emerging South merchandise exports, by export direction, 1995 vs. 2009
4.21 Share of natural resource–intensive manufactures and primary goods in Emerging South merchandise exports, by export direction, 1995–2009
4.22 Share of high-, medium- and low-skill manufactures in Northern merchandise exports, by export direction, 1995 vs. 2009
4.23 Intra-regional South–South trade in 2009
4.24a Export market diversification by country groups, 1948–2013
4.24b Standard deviation of export market diversification within country groups, 1948–2013
4.25 Average Grubel-Lloyd (GL) index for the Rest of South based on skill intensity
4.26 Average Grubel-Lloyd (GL) index for the Emerging South based on skill intensity
4.27 Average Grubel-Lloyd (GL) index for the North based on skill intensity
4.28 Total trade restrictiveness index (TTRI) faced by global South and North exporters, 2000–2009
4.29 Average effectively applied tariff rates faced by total manufactures exports from global South and North, 1992–2013
4.30 Global FDI inflows, 1970–2013
4.31 Global FDI outflows, 1970–2013
5.1 Copper prices, USD, 2000:1–2015:9.
5.2 All commodities, food and metal commodity price index (2005=100), monthly, 2000:1–2015:9
5.3 Oil, coffee, soybeans and cocoa prices, USD, monthly, 2000:1–2015:9
5.4 Nickel, tin and iron ore prices, USD, monthly, 2000:1–2015:9
5.5 Average institutional development in the South vs. the North, 1984–2012
5.6 Institutional distance across countries, South vs. North, 1984–2012
TABLES
2.1 Percentage share of intra-regional South–South PTAs in total PTAs by region
2.2 Percentage distribution of WTO disputes by income, 1995–2015
2.3 Top WTO dispute complainants by respondent pairs, 1995–2015
2.4 Top 10 WTO dispute complainants and respondents, 1995–2015
2.5 Total number of BITs by country groups, North vs. South, 1959–2015
2.6 Total number of BITs and ISDS by country groups and decade, South vs. North, 1959–2015
2.7 Top 10 respondents and claimants in total number of ISDS, 1987–2014
3.1 Top five exports and imports of Brazil to and from Kenya in 2009
3.2 Top five exports and imports of Brazil to and from US in 2009
3.3 Trade balance of Brazil with the US and Kenya in 2009 (thousands of USD)
3.4a Trade balance of the Rest of South, Emerging South and the North, 2009 (millions USD)
3.4b Trade balance of the Rest of South, Emerging South and the North, 1995 (millions USD)
4.1a Median export unit values, 2009 (thousand USD per metric ton, current prices)
4.1b Percentage change in median export unit values (per metric ton), 1995 vs. 2009
4.1c Export prices across products and importers
4.1d Average export unit prices across exporters
4.2 Geographical distribution of world merchandise exports, 1995–2009
4.3 Geographical distribution of global