Yilmaz Akyüz

Liberalization, Financial Instability and Economic Development (eBook, PDF)

• Format: PDF

Produktbeschreibung

Weighing up the costs and benefits of economic interdependence in a finance-driven world from a development perspective, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North, rebalance domestic and external sources of growth, and better manage integration into unstable international finance.

'Liberalization, Financial Instability and Economic Development' brings together a range of essays from Yilmaz Akyüz's recent work, refuting the myth that emerging economies have now successfully decoupled from the North and have become new engines of growth. The book challenges the orthodoxy on the link between financial deepening and economic growth, as well as the relationship between the efficiency of financial markets and the benefits of liberalization. Rather, Akyüz's work urges developing countries to use all possible tools to control capital flows and asset bubbles in order to prevent financial fragility and crises, and recommends regional policy options while recognizing the challenges posed by the institutional structures already in place.

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Produktdetails

• Verlag: Anthem Press
• Seitenzahl: 338
• Erscheinungstermin: 1. Mai 2014
• Englisch
• ISBN-13: 9781783082407
• Artikelnr.: 44472043

Autorenporträt

Yilmaz Akyüz is chief economist at the South Centre, an intergovernmental think tank for developing countries based in Geneva, Switzerland.

Inhaltsangabe

Introduction
PART I: LIBERALIZATION, STABILITY AND GROWTH
Chapter 1: Financial Liberalization: The Key Issues
Chapter 2: Managing Financial Instability in Emerging Markets: A Keynesian Perspective
Chapter 3: From Liberalization to Investment and Jobs: Lost in Translation
Chapter 4: Exchange Rate Management, Growth and Stability: National and Regional Policy Options in Asia
Chapter 5: Reforming the IMF: Back to the Drawing Board
PART II: THE GLOBAL ECONOMIC CRISIS AND DEVELOPING COUNTRIES
Chapter 6: The Current Global Financial Turmoil and Asian Developing Countries
Chapter 7: The Global Economic Crisis and Asian Developing Countries: Impact, Policy Response and Medium-Term Prospects
Chapter 8: The Staggering Rise of the South?