Avoiding Middle-Income Growth Traps Authors: Pierre-Richard Agénor, Otaviano Canuto, and Michael Jelenic Since the 1950s, rapid growth has allowed a significant number of countries to reach middle-income status; yet, very few have made the additional leap needed to become high-income economies. Rather, many developing countries have become caught in what has been called a middle-income […]
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Global Services Coalition Statement on Plurilateral Service Agreement
Global Services Coalition Statement on Plurilateral Services Agreement Washington. Referring to talks in Geneva toward a plurilateral agreement on services, eleven business organizations comprising the Global Services Coalition (GSC) today applauded Governments for their concerted efforts in responding to business calls to reignite global interest in the growth and development of the services sector. […]
Continue readingThe New Financial Landscape — What It Means for Emerging Market Economies
The New Financial Landscape: What It Means for Emerging Market Economies Authors: Otaviano Canuto, Catiana García-Kilroy, and Anderson Caputo Silva As the year 2012 unfolds, its main legacy will be its game changing impact on global financial markets. Waning global growth along with central banks’ bold monetary easing policies in advanced economies (AEs) to try […]
Continue readingCSI Announces Election of Citigroup’s Samuel A. Di Piazza, Jr. to CSI Board Chairman
Washington, D.C. – The Coalition of Service Industries (CSI) announced today that Samuel A. Di Piazza, Jr., Vice Chairman of Citi’s Institutional Clients Group, has been elected Chairman of CSI’s Board of Directors. Di Piazza succeeds William J. Toppeta, former President, MetLife International, who now serves as Senior Advisor at the Promontory Financial Group in New […]
Continue reading2012 Global Services Summit: The New Agenda
The 2012 Global Services Summit: The New Agenda will be held on Wednesday, September 19, 2012 at the Grand Hyatt Washington in Washington, DC. This year marks a critical turning point in the long effort to liberalize services trade and investment. A group of 20 members of the World Trade Organization (WTO) have begun discussions aimed at […]
Continue readingWorld Trade Report 2012
Regulatory measures for trade in goods and services raise new and pressing challenges for international cooperation in the 21st Century. The World Trade Report 2012 examines why governments use these non-tariff measures and to what extent such measures may distort international trade. View the entire report here.
Continue readingWTO agrees to hold 9th Ministerial Conference in Bali, Indonesia
The chair of the General Council, Amb. Elin Johansen (Norway), warmly thanked Indonesia for its “kind offer”, which she said was “a clear sign of its commitment towards this organization.” She added that members would discuss the precise dates of the 9th Ministerial Conference after the summer break. Indonesia, in thanking members for the decision, […]
Continue readingLamy reports to General Council on Doha Round and urges negotiators to ‘change gears’
Director-General Pascal Lamy told WTO members in the General Council on 25 July 2012 that they should “change gears” after the summer break and engage seriously to produce results. He told members that an “all or nothing” strategy is the best way to ensure paralysis and added that the “ball lies in your court”.
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