Innovative Financing for Development - Options for the EU

Especially since the last economic crisis of 2008 discussions about innovative financing for development have gathered pace. In the 2011 Agenda for Change, the European Commission recognises that government and donor funds are largely insufficient to cover the substantial investments required to improve living conditions in developing and transition countries. This paper analyses key initiatives influencing the current reasoning behind financing of EU external aid measures, and presents options to pursue innovative financing for development by the EU.

Overcoming Low Preference Utilization in Preferential Trade Agreements: Presumption of Origin for Small Shipments

While rules of origin (ROOs) constitute an essential element of preferential trade agreements (PTAs), recent analysis of the utilization of preferences shows that even with liberal ROOs, utilization of preferences is often low, especially by smaller exporters. This reflects the high fixed cost component of demonstrating compliance with ROOs. In order to develop options for increasing the rate of preference utilization – especially by smaller exporters that might benefit most in terms of knowledge spillovers from entering into trade – we first examine different ROOs-related explanations of low preference utilization, in particular those based on exporters’ cost-benefit calculations in relation to compliance with ROOs. Second, we analyze the implications of low preference utilization rates for competition and welfare, which we argue are negative.

What can LDCs acceding to the WTO learn from other acceded countries?

When the World Trade Organization (WTO) was established in 1995, it had less than 130 members. Since then membership has expanded to 159 as a result of 31 completed accessions. Of these, only six were least developed countries (LDCs). Another 24 countries are currently at various stages of the accession process; among these, nine are LDCs. Thus, although it can be argued that the WTO is approaching universal membership, quite a bit remains to be done in terms of LDC accessions.

The purpose of this paper is to provide lessons for countries currently in the process of accession to the WTO, notably LDCs, based on the established practice and experience of other acceded countries. The paper does so by, first, providing a summary overview of WTO accessions and terms of accession of all countries that have acceded to the WTO under Article XII. It also considers recent changes in the WTO accession regime for LDCs, notably the enhanced Guidelines for WTO accession, and draws conclusions from these for the approach of LDCs to WTO accession.

Invest in Ethiopia - Business Landscape

With wages rising across Asia, the factors that made Asia the “Workshop of the World” for the past several decades are changing. Ethiopia’s strategic location, natural resources, and abundant labor position it to become the next global location for labor-intensive manufacturing.

This survey assesses the extent to which the numbers, the business stories, and the analysis validate the pitch and the proposition, and identifies the sectors in which the business opportunities in emerging Ethiopia are likely to be found.

Biofuels and Development: Questioning Environmental and Social Sustainability from a Developing Country Perspective

An increasing number of countries have been supporting the extensive production and use of biofuels hoping to reduce greenhouse gas emissions, ensure energy security and help the rural poor. While the validity of such policy goals is largely shared, many critics doubt that biofuels are the solution and rather question the environmental, social and overall developmental impacts of biofuel expansion and related government support to the sector.

This paper examines the role of each of the above three policy goals in driving the biofuel industry and analyses the developmental impact of biofuels especially on weak economies. It also critically addresses some recent developments and measures taken to ensure the social and environmental sustainability of biofuels.

Anti-Dumping as Insurance Policy: What the “Grey Area” Measures Tell Us

A general argument in support of trade remedies is that they act as an insurance policy that allows countries to take on deeper commitments in trade negotiations than they would otherwise be willing to make.  This paper reviews both the negotiating history of major trade liberalization initiatives and the largely unexploited history of the use of so-called “grey area” measures in the pre-WTO era to manage pressures on domestic economies emanating from international trade to shed light on the extent to which this argument holds true.