Geneva, Switzerland Edited by Aldo Caliari co-published by the South Centre and the Centre of Concern 142 Pages, 2009

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Table of Contents: 

DEBT AND TRADE: MAKING LINKAGES FOR THE PROMOTION OF DEVELOPMENT—AN INTRODUCTION
Aldo Caliari and Vicente Paolo Yu........................................................... i
OPENING ADDRESS: LINKING DEBT, TRADE AND FINANCE ISSUES
Yash Tandon..................................................................................xi
I. THE POLITICAL DIMENSIONS OF LINKING DEBT AND TRADE............................. 1
I.1 TIME FOR CHANGE IN GLOBAL TRADE AND FINANCIAL GOVERNANCE.
Barry Herman.......................................................................... 1
II. THE TECHNICAL DIMENSIONS OF LINKING DEBT AND TRADE......................................... 18
II.1. THE DEBT TRADE CAUSALITY IN BALANCE OF PAYMENTS ACCOUNTING.
Jan Kregel ........................................................................... 18
II.2. CONCEPTUALIZING SOVEREIGN DEBT
Matthias Rau. ...................................................................... 24
III. THE POTENTIAL AND LIMITATIONS OF MARKET ACCESS TRADE TRENDS AND WHAT THEY MEAN IN TERMS OF INCOME GAINS FOR DEVELOPING COUNTRIES...................................... 29
III.1. TRADE TRENDS AND WHAT THEY MEAN FOR INCOME TRENDS OF DEVELOPING COUNTRIES
Mr. Jörg Mayer ................................................................. 29
III.2. EXPORT-LED GROWTH BASED ON MANUFACTURES
Mr. Arslan Razmi .............................................................. 37
III.3. TEXTILES AND PREFERENCE EROSION:THE CASE OF MAURITIUS
Mr. Umesh Sookmani ........................................................42
III.4. Mr. Matthew Odedokun ....................................................48
IV. ISSUES IN THE EXPORT GROWTH-DEBT REPAYMENT LINK............................................53
IV.1. Ms. Lida Nunez ...................................................................53
IV.2. Mr. Richard Kozul-Wright .................................................60
V. FOREIGN DIRECT INVESTMENT RULES AND THEIR EFFECTS ON DEBT.................................67
V.1. Professor Andreas Antoniou ..............................................67
V.2. Mr. Alfredo Calcagno..........................................................70
V.3. Ms. Christina Weller............................................................80
VI. DOMESTIC MONETARY POLICY AND DEBT ...................87
VI.1. THE POLITICAL ECONOMY OF TRADE,FINANCE AND THE EXCHANGE RATE
Mr. Luiz Carlos Bresser-Pereira ................................................87
VI.2. Mr. Heiner Flassbeck. ........................................................92
VI.3. Mr. Richard Kozul-Wright .................................................95
VII. DEFINING DEBT SUSTAINABILITY.....................................98
VII.1. Mr. Damian Ondo Mane ..................................................98
VII.2. Ms. Machiko Nissanke ....................................................101
VII.3. Mr. Matthew Odedokun..................................................106
VIII. FACTORING TRADE PERFORMANCE INTO DEBT SUSTAINABILITY ASSESSMENTS.......111
VIII.1. Mr. Manuel Montes .......................................................111
VIII.2. Ms. Cecile Valadier .......................................................115