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The Role of Trade and Investment Policies in the Implementation of the Monterrey Consensus: Regional Perspectives, Studies in Trade and Investment No. 55


Author(s): Trade and Investment Division (TID)
Economic Sector(s): (1) Global, regional and multisectoral economic and social development strategies and policies; (2) Monetary and financial issues and policies; (3) Global trade policies
ESCAP Reference No.: ST/ESCAP/2363
Division/Office: Trade and Investment
Published Date: 22 July 2005
Country: {Non-country Specific Publication}
Hard Copy Price: US$ 30.00


The Monterrey Consensus underscores the central role of international trade as well as private capital flows as engines for development. In many countries, they account for much larger sources of financing for development than official development assistance. The articles in this publication provide insights into the role of trade and investments and their interlinkages to financing for development in Asia and the Pacific. It contains both qualitative and quantitative assessments of external financing for development. Special attention is given to the potential of the Doha Development Agenda and of regional trade agreements, special problems of least developed countries and the phase-out of quota-restrictions in textiles and clothing.




Preface
Abbreviations
iii
v

I. 









II. 














III. 














IV. 














V. 

Financing for development through trade and investment

Introduction

A.   Exports, investment and official development assistance:
sources of financing for development
B.   International and regional cooperation in trade,
investment and finance
C.   Concluding remarks

Financing development in the Asian and Pacific region:
trends and linkages


Introduction

A.   Trends and volatilities in external financing
B.   The nexus between FDI and various forms of external
financing
C.   Harnessing sources of external finance for development:
focus on FDI
D.   Harnessing sources of external finance for development:
selected topics
E.   Concluding remarks
F.   Comments

Improving market access under the Doha Development
Agenda and regional trading agreements as a major
source of financing for development in Asia and the Pacific


Introduction

A.   Imports financed by export earnings: current status
and major export impediments in Asian and Pacific
developing countries
B.   Status of DDA negotiations and implications for
developing countries
C.   Regional trade agreements in Asia and the Pacific
D.   Export expansion prospects in the medium term
E.   Concluding remarks

Special problems of financing for development in Asian
and Pacific least developed countries


Introduction

A.   Main trade characteristics of Asian and Pacific LDCs
B.   Assessment of market access conditions for Asian and
Pacific LDCs
C.   Dismantling the Multifibre Arrangement and preference
erosion: challenges and opportunities for Asian and
Pacific LDCs
D.   Suggestions and adjustments to meet the special needs
of Asian and Pacific LDCs
E.   Comments

Prospects for the clothing and textile exports of Asian and
Pacific economies in the post-quota era and implications for
external financing for development


Introduction

A.   Import trends by market share for major apparel markets
B.   Trends in United States textile imports
C.   Implications for external finance in quota-dependent
exporting countries
D.   Concluding remarks
E.   Comments

1

1


2

12
19


21

21

23

37

47

54
65
66



75

75



76

94
105
107
111


115

115

118

122


136

137
149



155

155

156
169

175
177
178



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