Abstract

CIMOLI, Mario  and  PORCILE, Gabriel. Crecimiento global y "reciprocidad implícita": Un modelo estructuralista. Econ: teor. práct [online]. 2009, n.spe1, pp.13-39. ISSN 2448-7481.

In this paper we argue that structuralist ideas are particularly useful for discussing global growth in times of crisis. Three are the main points of the paper. The first one is that specific policies for promoting structural change in the periphery at both the domestic and international levels are necessary for increasing the participation of the periphery in world trade. Automatic or implicit reciprocity ensures that more exports from the periphery will lead to more imports, and thereby neither growth nor exports would suffer in the centre. In addition, we stress the interrelation and complementarities between fiscal policies and industrial and technology policies aimed to promote structural change in the periphery. The two policies should be combined to avoid external disequilibrium and protectionist responses. And finally, we suggest that major efforts for institution building and international coordination are required to avoid an escalation of protectionist measures in the international system.

Keywords : Global growth; structural change; international institutional cooperation.

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