Globalization and competition : why some emergent countries succeed while others fall behind /
Pereira, Luiz Carlos Bresser.
Globalization and competition : why some emergent countries succeed while others fall behind / Luiz Carlos Bresser Pereira. - Cambridge ; New York : Cambridge University Press, 2010. - 1 online resource (v, 256 pages) : illustrations
Includes bibliographical references and index.
Globalization and catching up -- The key institution -- New developmentalism -- The tendency of the exchange rate toward overvaluation -- The Dutch disease -- Foreign savings and slow growth -- Foreign savings and financial crises.
"Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast, while others are not as 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 over valuate 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."--Jacket
English.
9780511691515 0511691513 9780511691928 0511691920 9780511692635 0511692633 1107205158 9781107205154 0511849389 9780511849381 1282817914 9781282817913 9786612817915 6612817917 0511690037 9780511690037 0511689292 9780511689291 0511690770 9780511690778
9786612817915
281791 MIL
Economic development--Developing countries.
Finance--Developing countries.
Competition--Developing countries.
BUSINESS & ECONOMICS--International--General.
BUSINESS & ECONOMICS--International--Economics.
Competition
Economic development
Economic policy
Finance
Developing countries--Economic policy.
Developing countries
HC59.7 / .P447 2010eb
337.09172/4
Globalization and competition : why some emergent countries succeed while others fall behind / Luiz Carlos Bresser Pereira. - Cambridge ; New York : Cambridge University Press, 2010. - 1 online resource (v, 256 pages) : illustrations
Includes bibliographical references and index.
Globalization and catching up -- The key institution -- New developmentalism -- The tendency of the exchange rate toward overvaluation -- The Dutch disease -- Foreign savings and slow growth -- Foreign savings and financial crises.
"Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast, while others are not as 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 over valuate 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."--Jacket
English.
9780511691515 0511691513 9780511691928 0511691920 9780511692635 0511692633 1107205158 9781107205154 0511849389 9780511849381 1282817914 9781282817913 9786612817915 6612817917 0511690037 9780511690037 0511689292 9780511689291 0511690770 9780511690778
9786612817915
281791 MIL
Economic development--Developing countries.
Finance--Developing countries.
Competition--Developing countries.
BUSINESS & ECONOMICS--International--General.
BUSINESS & ECONOMICS--International--Economics.
Competition
Economic development
Economic policy
Finance
Developing countries--Economic policy.
Developing countries
HC59.7 / .P447 2010eb
337.09172/4