Colin I. Bradford

Johannes Linn

The current international system of institutions and governance groups is proving inadequate to meet many of today's most important challenges, such as terrorism, poverty, nuclear proliferation, financial integration, and climate change. The International Monetary Fund, World Bank, and UN were founded after World War II, and their structures of voting power and representation have become obsolete, no longer reflecting today's balance of economic and political power. This insightful book examines how to make such institutions more responsive and effective. Institutional reform is critically needed but currently in stalemate. A new push is needed from powerful nations acting together through a reformed and enlarged G-8 that includes emerging economies, such as China and India. Global challenges demand integrated approaches, with greater coordination among international institutions. Global Governance Reform argues that without reconstituting the Group of 8 summit into a larger, more representative group of leaders, with a new mandate to provide strategic guidance to the system of international institutions, the world will fall further behind in addressing global challenges. The path to global reform is defined by the need to act in coordinated ways on summit and institutional reform, and this book lights the way.

Breaking the Stalemate

Global Governance Reform

William H. Branson

The rapid development of Pacific Asia over the past twenty years offers an excellent opportunity to analyze the dynamics of economic growth. Trade and Structural Change in Pacific Asia explores the nature and causes of changes that have occurred in the economic structure of Pacific Asia, the relationship between these changes and economic growth, and the implications of these changes for trading relationships. Themes in the research reported here includes the sectoral composition of output and trade; rates of structural change in production and exports and their relation to economic growth; the effect of abundant resource endowments on industrialization and manufactured exports; the nature of the mix between active government policies and market forces; and the balance between demand-determined and supply-determined industrialization and exports. Many of the issues explored have important implications for United States foreign economic policy, and the volume includes a look at the basic economic and political forces influencing shifts in United States trade policy in the postwar period. A timely and informative analysis, the volume probes the causes and consequences of economic growth in Pacific Asia, focusing on the interaction of exports of manufactured goods and the developmental process. The results reported contribute to ongoing research in structural change and economic policy and will be important to economists working on empirical patters in international trade and the process of economic development.

Trade and Structural Change in Pacific Asia

John Williamson

Celso Furtado

Edgar J. Dosman

Gert Rosenthal

Enrique V. Iglesias

Joseph L. Love

David H. Pollock

Oscar Godoy Arcaya

José Nun

Hans Singer

Dragoslav Avramovic

Antonio Casas González

Gerald K. Helleiner

This volume honors Raúl Prebisch's contributions to economic thought and uses his 1970 report Change and Development: Latin America's Great Task as a point of departure for analyzing trends in the region in the 1970s and 1980s. This volume comprises a collection of the papers presented at the seminar "Latin American Thought: Past, Present and Future," convened by the Inter-American Development Bank in Washington, D.C. on November 14 and 15, 1991. Several factors influenced the selection of both the topic and the institution that hosted this seminar.

The Legacy of Raúl Prebisch

Colin I. Bradford

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