Richard Newfarmer

Richard Newfarmer was most recently the World Bank’s Special Representative to the United Nations and World Trade Organization, based in Geneva, Switzerland where he worked with country delegations and Geneva-based international organizations on issues of trade (WTO, UNCTAD and ITC), labour (the ILO), climate change (the WMO and WFP), and health (WHO, Global Fund, UNAIDs). Most recently, he has focused on aid for trade. He has also lectured at the World Trade Institute, University of St. Gallen, and the Graduate Institute, among others. Previously, he was Economic Advisor in the International Trade Department and in the Prospects Group of the World Bank, and worked extensively on trade, investment and globalization issues. He co-edited “Breaking into New Markets: Emerging Lessons for Export Diversification”, in May 2009. Earlier, he edited “Trade, Doha and Development: A Window into the Issues”. He led the teams that produced “Global Economic Prospects 2007: Managing the Next Wave of Globalization” and was the lead author of four previous “Global Economic Prospects” reports — on regional trade, the WTO negotiations, and investment and competition policy. Besides authoring numerous country studies at the World Bank on macroeconomic and public finance issues, Mr. Newfarmer has written on foreign direct investment, with publications in the Journal of World Trade, Cambridge Journal of Economics, Journal of Development Economics and Foreign Policy, among others. Mr. Newfarmer holds a PhD and two MAs from the University of Wisconsin, and BA from the University of California at Santa Cruz.  

Content by Richard Newfarmer
  • Publication - Policy Brief

    Promoting industrialisation in Rwanda: Five ideas and twelve policy actions

    To attain middle-income status by 2035, Rwanda will have to accelerate the growth of its industrial sector – and maintain double digit annual growth in exports for coming decades. An active industrial policy can help. Industrial policy spans policy domains well beyond the normal purview of a normal commerce and trade ministry. Policy instruments include public...

    5 Feb 2019 | Richard Newfarmer, Anna Twum

  • Project

    Reviewing Uganda’s 2017 National Export Action Plan

    Uganda’s Export Promotion Action Plan prioritises export-oriented growth to attain middle income status by 2020. In April 2017, the Uganda National Planning Authority (NPA) invited the IGC to review the Export Promotion Action Plan. According to the NPA, the IGC’s recommendations informed not only the Export Action Plan, but a number of other policy papers ...

    16 Jan 2019 | Ritwika Sen, Richard Newfarmer

  • Multimedia Item - Video

    Growth Week 2016: Barriers to Growth

    World-leading researchers and policymakers (including Richard Newfarmer, Herbert M'cleod, Mohammad Qayoumi, Mbui Wagacha, Chinmaya Kumar, Eric Verhoogen, Irfan Qureshi, Ijaz Nabi, Tony Addison, Peter Biar Ajak, Nana Dwamena) outline what the major barriers to growth are in developing countries. Filmed at #GrowthWeek 2016. Produced by Econ Films.

    8 Jun 2016

  • Multimedia Item - Video

    Barriers to Growth (video): Richard Newfarmer

    8 Jun 2016

  • Publication - Growth Brief

    Growth brief: Harnessing FDI for job creation and industrialisation in Africa

    During the last decade and a half, African economies grew at nearly double the rate of the 1990s. However, the commodity boom obscured a key weakness in African economic performance – slow manufacturing growth. Productivity increases in Africa, after 2000, happened without the deep structural change that shifts labour from low to high productivity jobs (McMillan et...

    24 May 2016 | John Sutton, Amanda Jinhage, Jonathan Leape, Richard Newfarmer, John Page

  • Project

    Pre-conditions for a successful monetary union

    Adverse asymmetric shocks within a monetary union pose a serious problem to jobs and production if prices and wages are rigid and capital and labour are immobile. For a small open economy like Rwanda, the most important price is the value of the Rwandan franc. Even though prices and wages are flexible in Rwanda, the inability to adjust the exchange rate if it were in a...

    3 Sep 2014 | Dick Durevall, Richard Newfarmer, Måns Söderbom

  • Publication - Policy Brief

    Rwanda and the East African Monetary Union (Policy Brief)

    1 Mar 2012 | Richard Newfarmer, Måns Söderbom