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Suggested areas of future research

Suggested areas of future research. by Andrea Goldstein OECD Development Centre. Madrid, 8 October 2002. The PE of reforms 1. L-P mention “the leadership of successful businessmen” and “an individual identified with orthodox economic policies”

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Suggested areas of future research

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  1. Suggested areas of future research by Andrea Goldstein OECD Development Centre Madrid, 8 October 2002

  2. The PE of reforms 1 • L-P mention “the leadership of successful businessmen” and “an individual identified with orthodox economic policies” • this was one of the ingredients of the WC -- Harberger’s handful of heros • more sophisticated frameworks still needed --> role of parties, veto players, judiciary etc

  3. The PE of Reforms 2 • Edwards wrote about optimal sequencing of reforms in late 80s • why the message has to be endlessly repeated? • Amsden, Rodrik et al on the politics of capital market liberalization

  4. The PE of Reforms 3 • LSSV has become the standard reference on institutional quality and governance • alternative approaches to “credibility” --> better enforcement of law is more important than the origins of legal systems • UNU World Governance Assessment Project • ADBI/OECD (Chan-Lee & Ahn)

  5. The PE of Reforms 4 • What remains special in Costa Rica and Uruguay? • Why it remains so difficult to make the rich pay taxes?

  6. Employment • L-P mention that “labor market rigidities will never apply to more than a small fraction of the workforce” • informality in OECD • youths difficulties in obtaining stable employment • declines in the incidence of long-term unemployment and the share of youths neither in employment nor in education • IADB Consultations • privatization and lay-offs

  7. The Real Sector • Industrial policy and the WTO (see debate in Brazil) • more sector (supply chain analysis) and firm level studies • FDI spillovers • what role for lead firms? see Embraer, Cemex, Codelco

  8. The Future of RIAs • A lot being done, especially on Mercosur and NAFTA • more needed on trade and inv’t linkages between LA and EU/Asia (eg supply chain analysis) • consequences of EU enlargement • what role for peer pressure mechanisms beyond FTA

  9. Brain Drain or Brain Gain? • The region is exporting talent • where public schools still exist, LA is subsidizing “the North” • long-term positive effects in case of a return or network building processes of the emigrated Third World elites • in the presence of fair migration prospects incentive to increase inv’t in human capital • what mechanisms to turn the BD into a Brain Gain?

  10. The Argentinean Case

  11. Joint Project w/Solimano • Case studies: many diasporas in Europe (Chileans in Swe, Argentineans in Fra & Ita, Brazilians in Por) • Surveys • Multidisciplinary approach (eg work by AnnaLee Saxenian)

  12. Concluding remarks • Paris is global (17,276 vs 19,608) • Europe is weak in area studies • IADB & OECD DC have a rather long track-record of collaborating • last meeting in Madrid 2001, we plan something for Milan 2003

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