Książka Globalization and Competition Luiz Carlos Bresser Pereira

Globalization and Competition

Why Some Emergent Countries Succeed while Others Fall Behind

Język: Angielski
Oprawa: Twarda
Dostępność: Dostępna u dostawcy
Wysyłamy za 14-21 dni
609.03
Globalization and Competition explains why some middle-income countries, principally those in Asia,...

Informacje o książce

Język
Angielski
Oprawa
Książka - Twarda
Data wydania
2009
strony
262
EAN
9780521196352
ISBN
0521196353
Enbook ID
02025453
Waga
48
Wymiary
158 x 236 x 19

Pełny opis

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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