Commentary
Washington and New Delhi should be proud of their putative deal. But international politics isn’t the domain of unicorns and leprechauns, and collateral damage can’t simply be wished away.
Evan A. Feigenbaum
{
"authors": [
"Eduardo Zepeda"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [
"North America",
"South America"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
Learning from the Past: Mexico's Failed Pro-Market Policy Experience
Mainstream economic policies in Mexico managed to generate growth that proved neither pro-poor nor sustained. The Mexican experience shows the need to leave behind the blind faith in market forces and embrace employment-based policies.
Published on Dec 1, 2008
Source: Poverty in Focus
Zepeda argues that while trade liberalization, the enactment of NAFTA, the promotion of export-oriented factories did create some jobs, the overall economic strategy had only weak labor results in general and specifically failed to increase unskilled workers’ earnings. Zepeda urges the rejection of a singular reliance on free market forces to create employment and improve income distribution. Instead, he recommends adopting employment-based development strategies as the viable alternative to generate pro-poor growth.
To view the entire December 2008 edition of Poverty in Focus:
http://www.undp-povertycentre.org/pub/IPCPovertyInFocus16.pdf
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- The Trump-Modi Trade Deal Won’t Magically Restore U.S.-India Trust
- From Loss and Damage to Climate Mobility ActionCommentary
Senior climate, finance, and mobility experts discuss how the Fund for Responding to Loss and Damage could unlock financing for climate mobility.
Alejandro Martin Rodriguez
- Europe Falls Behind in the South Caucasus Connectivity RaceCommentary
The EU lacks leadership and strategic planning in the South Caucasus, while the United States is leading the charge. To secure its geopolitical interests, Brussels must invest in new connectivity for the region.
Zaur Shiriyev
- Trump Wants “Peace Through Construction.” There’s One Place It Could Actually Work.Commentary
An Armenia-Azerbaijan settlement may be the only realistic test case for making glossy promises a reality.
Garo Paylan
- Can Venezuela Move From Economic Stabilization to a Democratic Transition?Commentary
Venezuelans deserve to participate in collective decisionmaking and determine their own futures.
Jennifer McCoy
