Globalization and competition : why some emergent countries succeed while others fall behind
Author(s)
Bibliographic Information
Globalization and competition : why some emergent countries succeed while others fall behind
Cambridge University Press, 2010
- : hbk
- : pbk
Available at / 20 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
: pbk337.0-68081201140016
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Library, Institute of Developing Economies, Japan External Trade Organization図
: pbk.C||338.92||G2717314097
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Note
Includes bibliographical references (p. 233-244) and index
Description and Table of Contents
Description
Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast while others are not successful. The author criticizes both old-style developmentalism and the economics of the Washington Consensus. He argues instead for a 'new developmentalism' or third approach that builds on a national development strategy. This approach differs from the neoliberal strategy that rich nations propose to emerging economies principally on macroeconomic grounds. Developing countries face a key obstacle to growth, namely, the tendency to overvaluate foreign exchange. Instead of neutralizing it, the policy that rich countries promote mistakenly seeks growth through foreign savings, which causes additional appreciation of the national currency and often results in financial crises rather than genuine investment.
Table of Contents
- Introduction
- Part I. Political Economy: 1. Globalization and catching up
- 2. The key institution
- 3. New developmentalism
- Part II. Development Macroeconomics: 4. The tendency of the exchange rate to overvaluation
- 5. The Dutch disease
- 6. Foreign savings and slow growth
- 7. Foreign savings and financial crises
- Conclusion.
by "Nielsen BookData"