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In the early 2000s the increasing Chinese, Brazilian, Indian and South African multinational enterprise investments into advanced economies were greeted with genuine concern by policy makers in these emerging economies, where the fear was that this was a prelude to disinvestment and relocation to advanced economies. Many of these policy makers and their advisors went to the United Nations Conference on Trade and Development (UNCTAD) for guidance, which in turn harnessed the specialist expertise of University of Reading professors John H Dunning (joined Reading in 1964, now deceased) and Rajneesh Narula (at Reading since 2004).
Narula and Dunning wrote a key report, which transformed UNCTAD's technical assistance programme and reassured emerging market policy makers that this pattern of MNE investment was entirely predictable and not a prelude to disinvestment. The policy response in these countries was duly moderated.
Research by the School's Centre for Research on Economic Development and International Trade (CREDIT) on the relative importance of trade policy and non-trade policy barriers (especially high transport costs) in determining international trade costs and export performance in Africa has directly influenced the design of the national trade policies of Uganda and Kenya. It has also contributed to shaping changes in the policy guidance given by agencies such as the UK's Department for International Development (DFID), the African Development Bank and Commonwealth Secretariat about the need for developing countries to use appropriate, complementary non-trade policies to improve the effectiveness of trade reforms and policies in developing countries (in particular in Africa). Specifically, the research has contributed to a body of evidence about the need to increase the emphasis given to trade facilitation and transport infrastructure in African trade policy reforms, which has in turn informed trade policy design and implementation in a number of African countries.
University of Manchester (UoM) research considers the role, position and perception of developing countries in the World Trade Organisation (WTO). It is informed by a deep unease at the way developing and least developed countries (LDCs) have been consistently unable to participate in the multilateral trading system on an equitable basis, and are routinely rendered powerless to realise the meaningful gains that the global trade regime habitually promises. Impact is achieved through a systematic and sustained programme of dissemination, consultation and engagement with high level international policymakers, government officials and civil society organisations, resulting in measurable and meaningful policy change. In conjunction with these stakeholders, the research has: informed the negotiating positions of several states — including South Africa, Turkey, the Seychelles and Nigeria; shaped thinking around the future of the global trade architecture; and contributed to a number of training programmes, most notably at the UN.
International trade policy is central to economic and political relationships between countries. Specialists from Sussex developed a method and software, TradeSift (see www.tradesift.com), to analyse trade policy options simply, and have delivered reports and capacity building programmes that have influenced decision-makers engaged in regional integration in the EU, Asia, and Africa. The UK government and the European Commission have funded trade policy evaluation studies from the University and the associated spin-off company (InterAnalysis Ltd) using TradeSift. There have been more than 20 training courses, for over 400 participants, from 70 countries. The beneficiaries are the participants, their employers and civil society.
Dr Stephen Woolcock's research on EU trade and trade policy, with particular focus on free trade agreements, underpins the work of the LSE's International Trade Policy Unit (ITPU). On the basis of this research, the ITPU was granted a framework contract to provide expert analysis on trade and trade-related topics for the European Parliament's International Trade Committee (INTA). ITPU input has subsequently stimulated and informed debate within the European Parliament and shaped EU policy on free trade agreements.