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

  • China at 70
    Authors
    Marcus Vinicius de Freitas
    October 3, 2019
    There is no doubt that China's 70th Anniversary celebration was the display of a new world superpower. From the military parade to the issuance of a paper reporting China's role in the New Era, it is clear that the country, whose current political system was established on 1 October 1949, is much different, more assertive and with a clear perspective of the role it wants to play in the international scenario. Everywhere in Beijing, the Chinese National Anthem was played, reminding t ...
  • Annual Report on African Economies 2019
    Authors
    Under the Supervision of
    Larabi Jaïdi
    October 2, 2019
    Africa is an economic region which holds great potential despite the risks associated with its development. Indeed, many experts agree that Africa is emerging as the new frontier for global growth. Boosted by its abundant natural resources, a young and vibrant population, strong urbanization, more stable macroeconomic conditions, more stringent economic policies, a constantly improving business climate and improving governance, Africa is on track for a structural transformation that ...
  • Rapport annuel sur l’économie de l’Afrique 2019
    Authors
    Sous la direction de
    Larabi Jaïdi
    October 2, 2019
    Le Rapport sur l’économie de l’Afrique s’inscrit dans une série de documents annuels publiés par le Policy Center for the New South (PCNS). Les grandes évolutions économiques du continent y sont traitées, avec une large place faite à l’analyse prospective. Ce rapport s’ajoute ainsi au Rapport annuel sur la géopolitique de l’Afrique et l'Annual Report on Commodity Analytics and Dynamics in Africa (Arcadia), écrits par des chercheurs issus du Nord comme du Sud. Le Rapport sur l’écono ...
  • Les transferts de fonds des migrants vers l’Afrique exercent-ils un effet de levier sur l’investissement et sur la croissance économique ?
    Authors
    Nor-eddine OUMANSOUR
    Mohamed AZEROUAL
    Sarra BAHIJ
    October 2, 2019
    Cet article analyse les retombées des transferts de fonds des migrants sur la croissance économique et sur l’investissement domestique des pays africains. A cette fin, nous avons utilisé la Méthode des Moments Généralisés en Système en panels dynamiques pour un échantillon de 34 pays sur la période 1980-2016. Les principaux résultats des estimations effectuées montrent que les transferts de fonds des migrants exercent un effet significatif et positif sur la croissance économique et ...
  • Making Globalization Inclusive: Job Creation and Wage Inequality in Developing Economies
    Authors
    Karim El Aynaoui
    Aomar Ibourk
    Prakash Loungani
    October 1, 2019
    Some of the papers in this special issue were initially presented at a September 2016 conference on Global Labor Markets organized by the IMF, Policy Center for the New South and Brunel University, while others were commissioned through a call for papers. Funding for this initiative was provided in part through the IF-DFID program on Macroeconomic Research in Low Income Countries. Views expressed in this introduction and in the papers are those of the authors and should not be ascri ...
  • Growth and Jobs in Developing Economies: Trends and Cycles
    Authors
    Zidong An
    Tayeb Ghazi
    Nathalie Gonzalez Prieto
    Aomar Ibourk
    September 30, 2019
    This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middleincome countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun’s Law—the short-run relationship between output and labor market—holds in half of the countr ...
  • Latin America Is Not Benefiting from the U.S.-China Trade War
    Authors
    Otaviano Canuto
    September 30, 2019
    Despite some short-term benefits, trade deviation to the region shouldn’t be expected to last. Has the U.S. trade war with China been good for Latin America? An increase in Chinese demand for primary products from the region, as well as recent news of production transfers from China to Mexico, might give the impression that it has. But any positive short-term effects of the confrontation should also take into account its negative medium- and long-term impacts on the region and on gl ...