Globalization and Competition

Name: Globalization and Competition
Brand: Cambridge University Press
SKU: 9780521196352
Price: 775.78 RON
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Why Some Emergent Countries Succeed while Others Fall Behind

Autor: Luiz Carlos Bresser Pereira

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Legare: Copertă tare

Editura: Cambridge University Press

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Globalization and Competition explains why some middle-income countries, principally those in Asia,...

Informații despre carte

Autor

Luiz Carlos Bresser Pereira

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2009

Pagini

262

EAN

9780521196352

ISBN

0521196353

Enbook ID

02025453

Editura

Cambridge University Press

Greutate

Dimensiuni

158 x 236 x 19

Descriere completă

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.

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Globalization and Competition

Why Some Emergent Countries Succeed while Others Fall Behind

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Descriere completă

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