Beata Javorcik - Economic Transformation: The Power of International Trade & Investments
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- Опубликовано: 8 июн 2024
- Exploring Economic Development & Global Dynamics with EBRD Chief Economist and Oxford Professor Beata Javorcik
In this interview, we delve into critical issues shaping economic development, trade, and investments.
We discussed range of topics:
Attracting Foreign Direct Investments (FDIs): Strategies to attract FDIs and the knowledge they bring to the recipient economy.
Inward-Looking Policies: the challenges posed by inward-focused economic policies and their impact on development.
Migration Dynamics: Insights into the complexities of migration and its role in economic development
War and Sanctions: Russia's global economic role and the repercussions of the War and the sanctions on international trade.
Polish Economic Miracle: the remarkable story of Poland's economic transformation and its lessons for other nations.
World Trade Organization (WTO): the WTO's role in shaping international trade and fostering economic development.
Uzbek Reforms and their potential to drive economic progress in the region.
This podcast offers expert insights into economic development, global trade, and investment, providing a comprehensive understanding of these vital topics.
#EconomicDevelopment #GlobalEconomy #TradeAndInvestment #EBRD #Policy #Migration #Sanctions #Poland #WTO #Uzbekistan #Economics #Insights
Yaqinda Deutsche Welle kanaliga bergan intervyusini ko'rgan edim, juda fikri teran ayol ekan. Sizga esa alohida rahmat intervyu uchun
Жуда фойдали суҳбат бўлибди. ЖСТга қўшилиш аслида дисциплина учун муҳимлиги бўйича фикрлар айниқса муҳим.
The interview turned out very insightful on a number fronts, yet its shortcomings deserve a careful consideration, too. I will lay out my thoughts below:
1. Professor Javorcik has a correct understanding of benefits of international trade, yet in the same breath, she advocates for a more thorough enforcement of trade sanctions on Russia for geopolitical reasons. If anything, these sanctions contribute to the entrenchment of the Putin regime by essentially equipping Russian propagandists with a potent talking point of “look, the West hates you, ordinary Russian citizens, for simply being Russian”. Punishing Russian consumers with higher prices on goods and services and forcing them into financial seclusion is not in the interests of the Western bloc in this war. They actually need to pursue an opposite strategy and win Russians over by showcasing to them how cruel the regime is instead of jeopardizing their own image.
2. The issue with FDI, as economist Joe Studwell and others have pointed out, is that multinational companies often reserve the production of highest-value-added services to their home countries, which do not benefit from low labor costs. In other words, activities such as design, branding, marketing, and etc. And it has been well documented that FDI inflows tend to crowd out domestic manufacturers. So a recipient country, if it chooses the path of a complete FDI-reliance, will be forever stuck in the upper-middle income group, as it will not be able to insert itself into the top of global supply chains. To illustrate this: think of a country like Malaysia, which chose the FDI route and compare it with South Korea, which nurtured domestic producers through industrial policy. Being either of the two is undeniably more preferable to the status quo of Uzbekistan. But this should always be a thought to consider.
3. EBRD is funded by developed countries and, in most cases, doesn’t have the “skin in the game” when choosing investment projects throughout the developing world. So while they support pro-market reforms on paper, their actions are often at odds with a natural development of capital markets with right incentives in the countries that they operate in. Was expecting this question from the interviewer, but in never came up. Wonder why.
That said, the podcast was very well worth my time, and I appreciate the effort of the production team!
O'zbekchasi bo'lsa yaxshi bo'lardi
Bayramlariz bilan Ustoz mazza qil,,, Biz sizni YK!
Excellent interview!! But I need to emphasize one thing! Please don't forget about adding time codes !!))
Great
Super good and informative content
Glad you think so!
Yaxshi suxbat bolipdi, tushinmasam ham sezdim.
👍👍👍👍👍👍👍👍👍
Uzbek tiliga tarjima qilsa yaxshi bilar edi.
👏👏👏
👏👏🔥🔥🔥
Бегзодбой кани таржима
Super
👍
Assalomu alaykum Bekzod aka elektron pochta yoki ijtimoiy tarmoqlarda manzillaringiz bormi,sizdan so'raydigan savollarim bor edi.
🤝👍👍👍
Бу кайси аудитория учун?
Vanihoyat
Минг афсус тушинмиманда инглизчани.
I wonder why people don't know value of this kind of super contents. People spent mass times for crazy, tv shows. It's easy to make interview with this kind person who has great position, but our people don't know what is useful and what is trash information
It's about the suitable audience.
I think it's because you need quite a bit of background knowledge before you can appreciate this sort of content (or comprehend Bek's awesomeness)
'promo sm' 😡
Bormisiz oka
🤢🤢🤢🤢🤢🤮🤮🤮🤮🤮🤮