Trade and Structural Adjustment: Embracing Globalisation identifies the requirements for successful reallocation of labour and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences.

The term 'adjustment' relates to the use of policy instruments to effect structural changes in the economic environment, in order to help facilitate growth promotion through improvements in productivity and market competition. This publication examines the reallocation of labour and capital to achieve more efficient use of new sources of competition, technological change and shifting consumer preferences, whilst limiting adjustment costs for individuals, communities and society as a whole. Based on specific sectoral case studies, it includes analysis of the adjustment challenge and policy framework in both developed and developing countries, together with practical recommendations for good practice.

The changes in the global economy are so profound, this book argues, that the world is now confronted with nothing less - in both institutional and policy terms - than a new political economy of development. The author provides an intellectually commanding survey of this new terrain. He subjects its economic and ideological assumptions to trenchant critique and shows how the rules of the game primarily reflect the interests of the rich and powerful countries of the North. He also surveys the economic performance of the various regions of the South and explores the real reasons for the success of certain Asian economies (reasons which run counter to so many of the policy prescriptions laid down by the West for the rest of the South).

This paper, together with four other country case studies, is a part of a broader research programme addressing trade and structural adjustment issues in non-member economies which was conducted as a follow-up to Trade and Structural Adjustment: Embracing Globalisation (OECD, 2005) which identified policies for successful trade-related structural adjustment. This paper studies the trade liberalisation and structural adjustment experiences and their outcomes in terms of economic and trade performance in East Asia and Latin America. The report consists of 5 main sections; After an introduction, Section A first looks at the growth performance and role of trade and FDI. Section B looks at trade related policy trends in the two regions while section C looks at some trade and foreign direct investment indicators. Section D compares the structural adjustment in the two regions and Section E concludes.

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.