Back

Economic Nationalism in the Era of Geofragmentation: What Does it Mean for Developing Countries?

December 6, 2023
Related topics: 
Economy

The Policy Center for the New South is organizing a webinar on “Economic Nationalism in the Era of Geofragmentation: What Does it Mean for Developing Countries?” on December 6th, 2023 at 3.00 PM (GMT+1), in the framework of the PCNS Webinar Series – The Global Economy in Transition: Implications for Developing Countries.

The global economic landscape is witnessing a surge in economic nationalism and geofragmentation, presenting challenges for developing countries. The Policy Center for the New South is organizing a webinar to delve into the potential impact of these trends on developing nations worldwide.

This webinar aims to explore how economic nationalism policies, including protectionism and import substitution, may result in heightened trade barriers and restrictions on foreign investment. Such developments could diminish the integration of developing countries into the global economy, with consequential effects on growth and poverty alleviation.

Moreover, the webinar will assess the influence of rising economic nationalism and geofragmentation on developing countries' endeavors to integrate into regional trading blocs. While the African Continental Free Trade Area (AfCFTA) aspires to establish a single market for goods across the continent, the emergence of regional trading blocs in other parts of the world may pose challenges to global economic integration efforts.

The potential implications extend to the realm of investment, where developing countries heavily depend on foreign investment for economic development. Any obstacles to such investment could impede growth prospects. Additionally, the industrialization efforts of developing nations may be affected if economic nationalism policies stimulate the establishment of domestic industries that could compete with their nascent industrial sectors.

Speakers
Abdelaaziz Ait Ali
Head - Research in Economics
Abdelaaziz Ait Ali is a principal Economist and head of the Research Department at the Policy Center for the New South. He joined the Center in 2014 after five years of experience at the Central Bank of Morocco. He worked as an economist in the International Studies and Relations Department and was analyzing the real estate price index and financial asset prices for monetary policy and financial stability purposes. Since then, Abdelaaziz has focused on cyclical and structural issues of the Moroccan economy, including macroeconomic management and industrial policy design. He has published articles on the reform of the exchange rate regime in the Moroccan economy and its implications for macroeconomic regulation, as well as on the evolution of the macroeconomic framework over th ...
Guntram Wolff
Director, Bruegel , Belgium
Guntram Wolff is Director of Bruegel. His research focuses on the European economy and governance, on fiscal and monetary policy and global finance. He regularly testifies to the European Finance Ministers' ECOFIN meeting, the European Parliament, the German Parliament (Bundestag) and the French Parliament (Assemblée Nationale). From 2012-16, he was a member of the French primeminister's Conseil d'Analyse Economique.  Guntram Wolff is also a member of the Solvay Brussels School's international advisory board of the Brussels Free University. He joined Bruegel from the European Commission, where he worked on the macroeconomics of the euro area and the reform of euro area governance. Prior to joining the Commission, he was coordinating the research team on fiscal policy at Deuts ...

RELATED CONTENT

  • Regional Disparities
    Authors
    Eduardo Amaral Haddad
    Carlos R. Azzoni
    October 1, 2018
    This chapter analyzes the emergence of disparities in income and development levels between Brazil’s main regions, in particular the gap that exists between the comparatively rich South and Southeast and the poorer North and West regions. Economic activity and the population are concentrated in a small part of the territory. Even within this reduced area, the geographical distribution is highly uneven. Besides concentration, regional inequalities are marked in the country in terms o ...
  • A new Africa, a new China
    Authors
    Marcus Vinicius de Freitas
    September 24, 2018
    The Beijing Declaration “Toward and Even Stronger China-Africa Community with a Shared Future” - and the Forum on China-Africa Cooperation (FOCAC) Beijing Action Plan (2019-2021), resulting from the last FOCAC held on September the 3rd and 4th 2018, in Beijing, showed the China-Africa cooperation will increase deeper in the near future, clearly demonstrating a new era for both China and Africa. FOCAC currently comprises China and 53 African countries.  China, slowly but surely, is ...
  • Infrastructure: Can Africa learn from Morocco?
    Authors
    Uri Dadush
    September 21, 2018
    This blog is based on remarks delivered at the Think-Tank Summit in Buenos Aires on 18 September 2018 held under the G-20’s Argentine Presidency.  Africa has an enormous infrastructure gap that impedes its development. The Compact with Africa (CwA) is an international policy initiative sponsored under the German presidency of the G-20 in 2017 designed to bridge that gap. Intended to draw in the private sector in developing Africa’s infrastructure through a combination of Private-Pu ...
  • AGRF 2018 : Leadership et évaluation permanente des politiques publiques, gages de la transformation de l’agriculture africaine
    Authors
    Mouhamadou Moustapha Ly
    Tharcisse Guedegbe
    September 19, 2018
    La ville de Kigali, au Rwanda, a accueilli du 5 au 8 septembre 2018 le forum de l’AGRA, devenant ainsi la capitale de l’agriculture africaine pendant ces quatre journées. Délégations gouvernementales, partenaires techniques et financiers, chercheurs, universitaires, investisseurs, producteurs, club de réflexion, entre autres, étaient en conclave pour faire l’état des lieux du secteur et mesurer les progrès accomplis sur la route de la transformation de l’agriculture africaine.  A t ...
  • How to heal the Brazilian economy
    Authors
    Otaviano Canuto
    September 18, 2018
    If I were to synthesize the current situation of the Brazilian economy in one sentence, I would say: “it is suffering from a combination of ‘productivity anemia’1 and ‘public sector obesity2’". On the one hand, the mediocre performance of productivity in Brazil in recent decades has limited its GDP growth potential. On the other, the gluttony for expanding public spending has become increasingly incompatible with such limits in the potential expansion of GDP, particularly since the ...
  • Download PDF
    The Role of Fundamentals in Global Imbalances
    Authors
    Uri Dadush
    September 13, 2018
    The concern over global imbalances has become an effort to systematically reduce current account deficits and surpluses, feeding the protectionist narrative. However, global imbalances are driven predominantly by domestic policies and conditions, not external factors. We do not know enough about the determinants of current account balances to set out precise numerical norms. Policy-makers should pay more attention to establishing the conditions that make current account deficits and ...
  • Is Digitalization the Future of Energy in Africa?
    Authors
    Rim Berahab
    September 5, 2018
    As the world is shifting away from conventional fossil fuels towards renewable energy sources, the power industry is starting to invest more in sustainable clean energy installations rather than the traditional large-scale infrastructures, which rely mainly on oil and coal.  Besides its environmental benefits, this shift to renewables is very likely to benefit economic growth as well. A recent study of the International Renewable Energy Agency shows that, indeed, doubling the share ...
  • Slow Recovery to Nowhere? Labor Market Issues in Advanced Economies: Introduction
    Authors
    Nauro Campos
    Karim El Aynaoui
    Davide Furceri
    Prakash Loungani
    September 1, 2018
    A decade ago, the world faced the prospect of the next Great Depression. The worst did not come to pass. In the 1930s, the unemployment went up to 25% in some countries. This time the average unemployment rate for advanced economies did increase sharply to over 8% in 2010 from 5 ½ % in 2007 but has since slowly returned to its level before crisis, as shown in Fig. 1 (International Jobs Report 2017). ...
  • What will it take to realize the promise of the African Continental Free Trade Area?
    Authors
    Anabel Gonzalez
    August 30, 2018
    The agreement establishing the African Continental Free Trade Area (AfCFTA) is a framework to create a free trade area across the region, bringing together the 55 members of the African Union into a continental market with a cumulative Gross Domestic Product (GDP) exceeding US$2.2 trillion and a total population of over one billion people. When concluded and successfully implemented, it will become the largest free trade area in the world in terms of membership, opening up significa ...